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The announcement that CBOT will be running electronic bond trading in parallel
with pit trading has got me thinking hard about digging into bonds. Any comments
from those who trade bonds on night session on how attractive the electronic day
trading will look?
Earl
-----Original Message-----
From: John Dundee <jdundee@xxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, July 30, 1998 7:51 PM
Subject: FUT:Today's Bond Trade
>Hi Bill and all,
>Ok I give, what is a "thank you trade". You did not mention it was also a OOPS
>trade today nor working the news today. I bought the stall at 121-25 sold 122,
>sold 122-08 bought 122-06, bought 122-16 after break out sold 122-22. Only in
>the market about 2 hours so risk was low, don't know why I even bother trading
>it as it was a classical short covering up day in the bonds and a more
>profitable day just hold long or add to positions. Oh well. For those that
>compare the S&P to the bonds, suggest anyone look at the return on at least a
15
>to 20 tick profit as it relates to the margin. That's $400 to $600 profit per
>contract on a $1350 margin taking a few ticks risk. Hard to beat it and all the
>while riding in the Rolls Royce of the futures market. Good Trading
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