Taking a Texas Flyer

What we have here simply is a very large trade that was executed in the October 2yr. note call options. The dial is calibrated such that current price level of 108'00 is where the Dec. futures contract is currently trading. The range for the last couple of months is the shaded portion roughly form a price of 10704.75 to a price of 10805.75. In side is a standard bar graph showing yields   have steadily been declining.The arrow points towards how low (well under 50 basis points or 1/2 of 1%) yields would have to go in order for 109 call options to wind up "in the money". Prior to todays opening a dealer bought 15,000 of these options for a price of 2/64ths or about $62.50 each. I only point this trade out as for its boldness. If we see any type of trend developing to lend credence to such a position you will be notified duly through our alerts. Those are available @ www.accutic.net .