2 to 1 payout enough for me. I was just looking for a one day play, if not I would have sold end of today for maybe 2 or 3 ticks. About 5000 4's...
No one is whispering 300,000 . . . . . highest I have heard is Morgan Stanley around 150,000. I think I might take out a lotto ticket tomorrow...
Hearing above 140 and below 110 tomorrow will move us and be an event, anything else is a non-event, of course things are always dependent upon...
Something interesting I noticed today, and maybe some cash guys/OTC/convexity gurus can help with this, is that Wells Fargo sold absolutely every...
Hearing from a few contacts within GS that they are massively short stocks and so far on the wrong side of the trade (some signs of relief for...
We were under pressure again today but managed to push higher so far tonight. Mortgages continue the monster rollover from their Dec 109 and 110...
They think dealers are manipulating certain issues. I would imagine the 2yr note as of late. Who knows. This probably means nothing in the end.
On a fair-value basis the front end is probably most overvalued. As for the long end it doesn't matter, purely dominated by mortgage flows and...
Not necessarily, those are just target levels where negative convexity wreaks havoc on their mortgage portfolios. Look at more as price levels...
Call stupids they are called, so both long, selling one call stupid to buy the other call stupid. Somewhat weighted on these while non-mortgage...
Talk of mortgage convexity buying again in 10yr and some swap receiving. Also saw on wires purchase of 25,000 10yr futures. I watch the book...
Massive mortgage call buying and convexity-type bid in cash 10s and futures. 2yr finally caught up this afternoon on the rally and steepened the...
I really like your reasoning. But the problem is the volatility levels. This means that the market does not expect 1980's long-end type rates...
3 posts in a row, you must be excited. Just kidding.
The put/call ratio was almost 3 to 1 several days either last week or the week before, but the market has yet to break out of this monthly range....
There was definitely rate-lock selling all last week, that is all the Greenwich Capital Markets desk was talking about, especially at the upper...
One account bought 75,000 10yr notes today between the screen and the pit (50k screen 25k pit). The prices were from 106-21 to 106-26, with the...
Nice little move late with half the locals out of here. Illiquid and Hoenig fairly bearish. Along with rate lock selling could get messy below...
Should be a fun one. There was a size put buyer on the screen in the 10yr options very late (around 1:30pm, when we started to break hard). He...
Covering shorts in volatility (straddles) and not futures. In this case they might be expecting a broader move away from 107, in which direction...
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