As if PIMCO hasn't sold enough strangles they added another 20,000 to the total today at 17 ticks. Really the only traders doing anything...
Most prop desks will use multiple execution desks at the CBOT to try to hide what they are doing. For instance, one of the large Goldman prop...
CP, I have heard this short Treasury vol trade may be against long swaption vol. Remember though, PIMCO also buys massive amounts of cash...
PIMCO had an okay day today, selling the little uptick in vol, adding 45,000 more short Sep 103-108 strangles in the 10yr options. Nice when you...
Short 2yr vs. Long 10yr or Short 2yr vs. Long 30yr if you want to take advantage of the flight to quality you are speaking about.
If you want to play the curve inversion I would be short the 2yr vs. long the 5yr or long the 10yr (not the 30yr). The current trade a few...
Best way to profit would be to short the 2yr note futures, Fed funds, or Eurodollars. I wouldn't necessarily short the long end outright, the...
Option locals bought the puts, initially quoted vs. 01.5 bid at 02, with the hedges being filled up to 10. Was a fun one to watch.
Long end still within the 5.00% and 5.15% range in the 10yr, thus still warrants playing 10yr as a range trade. Has worked this week. If data...
The rally about two minutes before the number was Bear Stearns puking up his long Sep 104 puts in the 10yr from earlier in the week. He sold...
Uncertainty does not bode well for the long end, continued widening of swap spreads today vs. UST's. At widest levels since late 2005. But the...
The BRAT team is the Bond Rollover Action Team. Basically CBOT locals that only trade during the rollover and generally accumulate short...
I love the rollover, nothing like seeing only the brokers make money both in the pit and on the screen when they get both sides of a 5,000 lot, or...
Any type of Treasury options questions you have in terms of who is doing what and what type of position they have on, let me know. As for the...
10yr trader, The Sep 104 puts that traded electronically today around 10am to 11am were Bear Stearns rolling a July 105 put position. I always...
2cents, US markets are about as fair and transparent as you can get. Almost all of the volume is done in the open market unlike Eurex. The...
Most institutions have been heavy sellers of the June 106 calls the whole week in the pit and on the screen, especially as they were bid above 10...
Ok, so looks like Hehmeyer is saying either everyone has it or noone at all. In terms of the 10yr, I wasn't talking about Bill Gross as being 20%...
2cents, I don't understand, are you quoting Chris Hehmeyer on the first paragraphs before you cite the WSJ article or are most of those...
The strangles used by PIMCO are separate from their curve steepening play in the futures. Strangles are done in the options market, essentially...
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