Eurodollar spike

H

huffdaddy

What the heck just happened there? Everything but Z8 just dropped over 100 points and then sprang back up.

I chased a Z-H for 40 points before I managed to catch one. I suppose I should be happy with the 40 ticks I made, but it would have been nice to have nabbed a few more spreads 40 ticks lower like I was trying to.
 
Here's what the delayed quotes show:

EURO $ DEC08 96.805 +20.5
EURO $ MAR09 96.265 A -90.5
EURO $ JUN09 95.88 A -144.5
EURO $ SEP09 95.875 -157
EURO $ DEC09 95.67 -154
EURO $ MAR10 95.53 -154.5
 
Rumors I'm hearing are goldman sold 5000 redpacks and autospreaders did the rest. Sickest movement i've ever seen.. Gotta believe some people blew out there.
 
i picked up if i remember correctly 445 of them, 178 early the rest later in the move up- i made me a good day out of that- sep 09s--

if you didn't have your stop loss set the move was too fast for people to puke out and it was right back to where it was- i wouldn't be surprised if not all that many people blew out because a lot of people don't have that stop out just hope they'll hit it themselves when it gets there...

eh, i'm sure we'll hear more about this soon- it made it on tv in less than 3 min's
 
yep heard the same about the red packs . . . . 2,000 z/z9 spreads traded 110 over and another 4,000 block trade at 120 over . . . . 8:37 am to 8:45 am . . . . does that coincide with the red pack trade???????
 
I trade ED's. I was fucking long 80 cars when that happened and made the best sale of my life to only lose 5 gs. I'm still shaking now.
 
Quote from dumb_mother:

i picked up if i remember correctly 445 of them, 178 early the rest later in the move up- i made me a good day out of that- sep 09s--

if you didn't have your stop loss set the move was too fast for people to puke out and it was right back to where it was- i wouldn't be surprised if not all that many people blew out because a lot of people don't have that stop out just hope they'll hit it themselves when it gets there...

eh, i'm sure we'll hear more about this soon- it made it on tv in less than 3 min's
More...

merc's not busting anything either. That was insanity. Pure insanity. Def. some people blew out...I was a heartbeat away from being one of them.
 
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