this is a bankers market and bankers love technicals (easier to comprehend than fundamentals most of the time ). That said, I think the downside is about over and extended with a sharp floor at 30. I'm a buyer.
im probably going to agree. Was just looking at a chart it has made a hell of a move since august, what a great trade
RTradeer & Poh, you spoke about options earlier...have either of you traded the new options on eurodollar spreads?
never traded option s on eurodollar, Poh says they rock So Ill have to try em though. hey poh did you re enter? Im still selling. I think we got to 40, but I am out near there
Nope. Not in again. Been busy getting out of some strangles in the bonds I bought 117 V puts 121 V calls paid 46-51 for em.. Legged out today for 63...humph... profit's a profit.. THinking we get one more leg higher in the 30 should head to 121-04 or so 10/30 spread should get to 4 pts wide and ED's should also rally... But after that????
Link to CME GE spead options http://www.cmegroup.com/tools-information/lookups/advisories/clearing/Chadv08184_SA.html