well richard, you can hope that spike into high 118s was the top test I was talking about..... Other than that, prolly 122/123 next stop. I got hordes of shorts now, as my 119 MAR calls start coming into play.
if the TY yield goes through the 3.80% area that 113.26 short will be 5 handles against you...Danger danger danger!
Why should the bleeding stop @ 3.80%? I just looked at a WEEKLY, look out below! 119 '14 ............................ouchhhhhhhhh
ZB's short are gonna be a great trade long term. I've traded them from the short side off and on through 2007, but will let the FED get done lowering rates (or close to it anyway) before reloading. After that, I will be very short, for a very long time.
Hey Richard! Still short from 113.26!!!??? I am glad this trade is a very small percentage of your trading capital... Are you going to let it go 6 handles in your face? Well why not March expiration is only 2 months away!