Recent Content by mcurto

  1. Eurodollar spike

    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...
    Post by: mcurto, Sep 19, 2008 in forum: Financial Futures

  2. Block Trading Begins on Treasury futures & options and Fed Funds

    they are primarily transferring large curve positions from one account to the other so for the small tape readers in the outrights (which i assume...
    Post by: mcurto, Sep 7, 2008 in forum: Financial Futures

  3. Block Trading Begins on Treasury futures & options and Fed Funds

    BOT/SOLD 31357 10YRS @ 113-27...
    Post by: mcurto, Aug 3, 2008 in forum: Financial Futures

  4. Grains To The Moon

    Full carry on Mar/May wheat should be about 13.5 cents (carry) for first notice day and around 17 if held to expiration. A bunch of locals that...
    Post by: mcurto, Dec 29, 2007 in forum: Commodity Futures

  5. Grains To The Moon

    Be careful bear spreading wheat right now (against new crop July). Rumor mill is saying that Dreyfus might load out the wheat that has been...
    Post by: mcurto, Dec 14, 2007 in forum: Commodity Futures

  6. Bond rally nearing an end?

    Countrywide dumped 30,000 March calls in the 10yr options right on the pit open explaining your move before the number. They obviously had it and...
    Post by: mcurto, Nov 4, 2007 in forum: Financial Futures

  7. Bond rally nearing an end?

    Swap futures trade by appointment for the most part. There is almost always a 15,000 lot roll between Goldman and JP Morgan for the 10yr swap...
    Post by: mcurto, Jun 20, 2007 in forum: Financial Futures

  8. Bond rally nearing an end?

    The more I thought about the Goldman put position my guess is it was probably a front-run on all of this mortgage hedging and the fact that...
    Post by: mcurto, Jun 16, 2007 in forum: Financial Futures

  9. Bond rally nearing an end?

    Countrywide is starting to buy the Sep 102 puts in the 10yr options to protect against spread widening if we were to break lower again. That is...
    Post by: mcurto, Jun 16, 2007 in forum: Financial Futures

  10. Bond rally nearing an end?

    You hit the nail on the head with the last point. Owning mortgages you are implicitly short volatility. Normally your risk is a bit more on the...
    Post by: mcurto, Jun 13, 2007 in forum: Financial Futures

  11. Bond rally nearing an end?

    Still not covering the put position. I have a strange feeling it could have been Countrywide or even PIMCO protecting some long mortgage position...
    Post by: mcurto, Jun 12, 2007 in forum: Financial Futures

  12. Bond rally nearing an end?

    Oh, and those puts are now worth 12 ticks. JP Morgan sold at least 5,000 of them today around 10 ticks. If open interest is lower that means...
    Post by: mcurto, Jun 8, 2007 in forum: Financial Futures

  13. Bond rally nearing an end?

    Definitely, the book is very thin. I would attribute this to all of the Chicago curve trading groups lightening up on the Autospreader programs....
    Post by: mcurto, Jun 8, 2007 in forum: Financial Futures

  14. Bond rally nearing an end?

    Forgot to post this but the Goldman desk on the floor bought about 100,000 Sep 10yr 102 puts one day before the last unemployment. Bought them...
    Post by: mcurto, Jun 7, 2007 in forum: Financial Futures

  15. Bond rally nearing an end?

    10yr options will begin trading in half strikes starting June 25th in both open outcry and electronic trade. This is obviously at the request of...
    Post by: mcurto, May 31, 2007 in forum: Financial Futures