Price action in 30’s did provide opportunity to add to long position – unfortunately I did miss it, but have moved stops up. Price action looks to remain firm.
As we head into the weekend Aljazeera TV is showing images of jubilant warriors riding around in Tanks in what looks to be suburban areas in Libya. Else where in Lybia the pictures are pure carnage. In Cairo the forces for change are still gathering even though Mubarak is gone now. I heard a report this morning that the face-bookers are targeting Mar. 11 as a date for protests to begin in Saudi Arabia. The U.S. gets 30% of it’s oil from there. No doubt if our forces are going to start getting involved, the date is moving ever closer.
Just discussing matters with a colleague here – this is going to be a European problem first and foremost – sounds WWII ish to me. Never the less refugees will be flocking to Europe 1st.. I would take these matters into account in terms of global trends and patterns. Currently NATO and official US policy is mum.
Some flows in 10's will try and update list on Monday - have to rush off.
| 10yr. Opts | |||||
| New Edge | B | 6,000 | TYJ117/118.5 p 1X2's with (see below) | see below | 11908 area USH |
| New Edge | B | 3,000 | TYJ115.5 put | even | 11908 area USH |
| Above trades executed as a package - sort of a weighted fly. | |||||
| RJO | S | 2,000 | TYK122c | 0.2 | 11931/31.5 |
| Merril | B | 2,000 | TYJ115/117 p 1X2 | 0.13 | 11930/30.5 |
| Paper | B | 500 | TYK121 c | 0.32 | 11928/28.5 |
| Paper | B | 2,000 | TYJ116/117 p spread | 0.11 | 12003/04 |
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