Morning ship mates – quite a bit going on – quite a bit. Long end presenting opportunity right here right now – call if interested.
Otherwise interbank risk rates on the rise and the market seems to feel or should feel that the Fed will do what ever it takes to shore up asset prices. As Al Pacino said in “Scent of a woman” – “I’m just getting warmed up” – so sayeth Ben Bernanke – behind closed doors.
| 7/18/2011 | |||||
| Paper | S | 4,000 | EDU1 9912/9950 p 1X2 | 1 | N/A |
| New Edge | S | 10,000 | EDZ 9950/9962 cs | see below | ^9944 |
| New Edge | B | 10,000 | EDH12 9962v | ^ 9940 | |
| Above 2 executed as package sold the Dec. @ 1.5 over Mar. | |||||
| Paper | B | 6,000 | EDV/EDZ95/96 c sprd | 0.75 | N/A |
| Paper | B | 5,000 | EDU13 86/87 c spread | 6 | ^9857.5 |
| Paper | B | 10,000 | EDU1 9850p | 1.5 | N/A |
| Player has been accumulating sizable position going back couple weeks or so | |||||
| Paper | S | 5,000 | EDM12 9825/9850 pspd | 1.5 | ^9938.5 10% |
| Paper | S | 40,000 | EOH 9925/9950 c 1X2 | vs see below | 9900 area |
| Paper | B | 40,000 | EDZ13 9875/9900/9925 c fly | 2.5 EOH over | 9832 area |
| Above 2 executed as a package 6.5 on the EOH and 4 on the EDZ13 | |||||
| Bache | B | 10,000 | EDZ1 9925/9962 c spread | 26 | 9945 area |
| Fed Fund opts | |||||
| Paper | S | 500 | FFZ9987/9993 c 1X2 | 2 | 9986/86.5 |
| Mann | B | 4,000 | FFU 9981p | 0.25 | 9990/90.5 |
| Paper | B | 500 | FFU9987/9993 c 1X2 | 3.5 | 9990/90.5 |
| Paper | B | 1,000 | FFU 9993 c | 0.25 | 9990/90.5 |
| JP Morg | B | 1,000 | FFU/FFZ 9993 c stupid | 0.5 | 9986/87 |
| Paper | S | 750 | FFU 9987c | 4 | 9990/90.5 |
| New Edge | S | 250 | FFU/Z 9987 c stupid | 6.25 | N/A |
| Paper | S | 250 | FFU/Z 9987 - 9993 c 1X2 sprd | 5.25 | N/A |
| 10yr. Opts | |||||
| Paper | B | 1,000 | TYU120/122 p 1X2 | 3 | N/A |
| Paper | B | 500 | TYU126c | 0.51 | N/A |
| New Edge | S | 1,000 | TYU122/124 p 1X2 | 0.06 | 12502/02.5 |
| Paper | B | 500 | TYQ 125/126 c spread | 0.22 | 12501/01.5 |
| Paper | B | 1,000 | TYU120/122 p spread | 0.14 | 12501/01.5 |
| CCM | B | 750 | TYQ 124.5c | 0.48 | ^12500 |
| Mann | B | 2,000 | TYU122/123 p spread | 0.13 | 12430.5/31 |
| RJO | S | 500 | TYU125 strad | 2.36 | 12430.5/31 |
| Paper | B | 500 | TYU126c | .51 and .52 | 12429/30 |
| BCG | V | 2,000 | TYU123/124.5 c spread | 0.32 | 12429/29.5 |
| CSFB | S | 7,300 | TYQ125/126 c spread | 0.19 | 12430.5 |
| New Edge | S | 1,500 | TYQ125c | 0.25 | 12429/29.5 |
| Paper | B | 1,000 | TYU125 strad | 2.36 | ^12504 |
| JP Morg | B | 1,500 | TYU125.5/127 c spread | 0.34 | 12431/31.5 |
| RJO | B | 1,000 | TYU120/122 p spread | 0.03 | N/A |
| Merril | B | 1,000 | TYU125/126/127 c tree | 0.17 | ^12503 |
| CSFB | S | 3,000 | TYQ125c | .33 and .32 | ^12503 |
| Smith B | B | 500 | TYZ 116/118 p spread | 0.12 | 12503.5/04 |
| Merril | S | 2,000 | TYU124p | .55 and ..54 | 12500 to 03 |
| 5yr.Opts | |||||
| CSFB | S | 5,000 | FVQ121c | .15 to .14.5 | N/A |
| Ultra long | |||||
| Paper | B | 500 | ULU 129 strad | 5.19 | 12831 to 02 |
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