What the heck just happened there? Everything but Z8 just dropped over 100 points and then sprang back up. I chased a Z-H for 40 points before I managed to catch one. I suppose I should be happy with the 40 ticks I made, but it would have been nice to have nabbed a few more spreads 40 ticks lower like I was trying to.
Here's what the delayed quotes show: EURO $ DEC08 96.805 +20.5 EURO $ MAR09 96.265 A -90.5 EURO $ JUN09 95.88 A -144.5 EURO $ SEP09 95.875 -157 EURO $ DEC09 95.67 -154 EURO $ MAR10 95.53 -154.5
Rumors I'm hearing are goldman sold 5000 redpacks and autospreaders did the rest. Sickest movement i've ever seen.. Gotta believe some people blew out there.
i picked up if i remember correctly 445 of them, 178 early the rest later in the move up- i made me a good day out of that- sep 09s-- if you didn't have your stop loss set the move was too fast for people to puke out and it was right back to where it was- i wouldn't be surprised if not all that many people blew out because a lot of people don't have that stop out just hope they'll hit it themselves when it gets there... eh, i'm sure we'll hear more about this soon- it made it on tv in less than 3 min's
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 8:45 am . . . . does that coincide with the red pack trade???????
I trade ED's. I was fucking long 80 cars when that happened and made the best sale of my life to only lose 5 gs. I'm still shaking now.
merc's not busting anything either. That was insanity. Pure insanity. Def. some people blew out...I was a heartbeat away from being one of them.