Bond Follow up

Scott GecasGeneral Commentary

Bond Follow up

For the individuals that follow the bond trade posted yesterday . Volatility opportunity. If the opportunity did match the individuals risk parameters. With to move lower today in bonds one could take a partial successful position off ( if traded more than one contract) to be able to lock in hypothetical profit let the last piece run. This trade was not intended to capture a directional move. This was more of a vol trade. However with the vol moving higher this is currently successful. The long strike of wk 3 143 was not the intended target. The idea behind this was that the vol would move higher and faster to the nearest strike which is what happened in this case. With more time and closer to the money 143 with retain more premium that the short dated option of 142.

Protect yourself at all time,