» Click Here For Archived Market Data

Thursday | Tuesday | Monday | Wednesday | Tuesday

For: Monday 06-28-2010

Ten Year Top

The treasuries have broken higher from the wedge/ triangle formation on the daily charts. The ten year note is quickly approaching the optimal target and we will look to try and pick a top in here. We will look at buying put spreads on a ratio to try and profit off the anticipated correction.

Aggressive traders may opt to use futures. As always please consult your personal broker at Great Pacific Trading Company to see if this trade is suitable for your account.

Trade Recommendation: On an 122-105 print versus the September ten year notes futures, before Thursday, buy the 121-119 put spread and sell the 125 call for a debit of 12 ticks on a limit. Risk 24 ticks on the trade initially. (>$375 not including commissions and fees), Look to take profits if the market trades to 120-00.