This week had and still has
some eventful momentous occasions occurring. We are celebrating over 200 years
as a nation as our benchmark interest rates start heading lower to crisis level
lows. Many are calling for equity markets to fall sharply, they are definitely
looking over the edge and
slipping as we speak
One analyst operating out of
Asia Larry Eddleson is looking for the DOW to fall 600 plus points if it
settles below 9,678. The interesting thing is he see’s that being the limit and
could actually develop value there, take a few minutes to listen in, http://webmail.aol.com/32213-111/cs_com-1/en-us/Suite.aspx
Volume is not overwhelming in
treasury options I guess a lot of traders are trying to pretend every thing is
alright and it is safe to go out and play golf and take vacations. To me the
end of life as we have known it continues to come to the fore, and therefore there
are good opportunities as stock market rout continues to look imminent.
Most continue to target Eurodollar
futures to move towards 9950, but many insurance policies are being taken out
via put structures.
Larger flows from todays session include but not limited to.
| 7/1/2010 | |||||
| Screen trades this a.m. | |||||
| Screen this a.m.: | |||||
| shrt jul 86/87 p/s trades 1.5, 1k | |||||
| shrt dec 87/90 c1x2 w/ shrt dec 88/91 c1x2 trades 11 | |||||
| 1k as a stupid | |||||
| edz0 86/95 strangle trades 8, 1k | |||||
| edm1 9912 put trades 29.5/2500 and 31/1200 | |||||
| edz0 93/95/96 c-fly trades 3, 100 | |||||
| Open outcry | |||||
| Paper | B | 3,000 | EOZ88/91 - 87/90 c1X2 stupid | 11.5 | N/A |
| JP Morg | B | 2,000 | EOU86/88 psprd | 6 | N/A |
| Paper | B | 500 | EOU88 strad | 26.5 | N/A |
| Paper | B | 10,000 | EDU0 9900 put | 4 | 9935 |
| Paper | S | 1,000 | EDU0 92/93 pspread | 3 | ^18% 9935 |
| Paper | B | 2,000 | EDU090/92 pspred | 3 | 9935 |
| UBS | B | 4,000 | EDH1 80/82 p spred | 1.5 | 9916 |
| Paper | B | 2,000 | EDU0-EDZ09950 csprd | 0.25 | N/A |
| Paper | B | 3,000 | EDH1 77/87 p spred | 8 | N/A |
| Paper | S | 2,000 | EDN092/95 cspreads | 11.5 | 9935 |
| Paper | S | 500 | EDN9937.5 strads | 6.5 | 9935 |
| Paper | B | 3,000 | EDZ093/95/96 cfly | 3 | 9923.5 |
| Mann | B | 1,000 | EOU88 strad | 26.5 | N/A |
| Above includes the 500 bought earlier. | |||||
| Paper | B | 1,500 | EDH193/95/96 c fly | 3 | N/A |
| straddles: | |||||
| edn0 9937 6/7 f=9935.5 | |||||
| edq0 9937 12/13 | |||||
| edu0 9937 16.5/17.5 shorts | |||||
| edz0 9925 30/30.5 f=9924 EON 9887 13.5/14 | |||||
| edh1 9912 41/41.5 f=9916 EOQ 9887 20/21 | |||||
| edm1 9900 56/56.5 f=9905 EOU 9887 26/27 | |||||
| EOZ 9875 45/46 | |||||
| reds EOH 9850 66.5/67.5 | |||||
| edu1 9887 72.5/73.5 f 9890 EOM 9825 84.5/86 | |||||
| edz1 9875 85/86 f=9869 | |||||
| edh2 9850 99/100 f=9848 | |||||
| edm2 9825 112/113 f=9826 | |||||
| TY | |||||
| J.P. Morg | B | 1,500 | TYU127c | 0.14 | 122'19.5/20 |
| Paper | B | 1,000 | TYQ/U 122.5 call calendar | 0.32 | 122'18/18.5 |
| New edge | S | 2,000 | TYQ118 puts | 0.02 | 122'17/17.5 |
| J.P. Morg | B | 800 | TYU123/125 c spreads | 0.43 | 122'18/18.5 |
| Swiss B | B | 500 | TYU119p | 0.19 | ^122'20 |
| New edge | B | 800 | TYU122.5p | 1.22 | 122'18.5/19 |
| CCM | B | 500 | TYQ120/121 p spreads | 0.11 | 122'18.5/19 |
| Paper | B | 3,000 | TYQ122 calls | 1.28 to 1.24 | 123'00 to 12227 |
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