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PIMCO Last Seen Selling 200K TYZ0 Strangles, "Crushing" 10 Year Vol, Despite Gross' Teaparty Pamphlet
It seems like it was yesterday that Bill Gross was bemoaning the sad American state of a QE2 driven affairs. Oh wait, it was. Yet less than 24 hours later, courtesy of some dealer insight into the market we realize that it is precisely this same Bill Gross who is aggressively anticipating to profit specifically from the launch of QE2 in less than a week. To wit:
In the U.S., PIMCO still crushing the 10yr Volatility selling your amount of strangles, they are now short about 200K TYZ0 strangles, various strikes including and inbetween 124P and 129C.....
Good of Bill to hand out indulgences with one hand, and to wave bonds in (sell vol) with the other.
Elsewhere, we find that other banks, pardon, Primary Dealers, are also positioning for incremental buying of $1-2 trillion of bonds over the next 12 months by Ben:
as we finish-up, seeing JPM buying the TYZ0 127/128/128.5/129.5 Call Condor for 11 ticks...
In other words, Fed frontrunning continues to be the name of the game.
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200k TYZ0s strangles !!!
LOL :)
Bill Gross is a fool.
March 2010 Gross said "bonds may have seen their best days." The 10 year yield was around 3.85% when he said it. It reached 2.40% in a steady downward move after that.
http://www.businessweek.com/news/2010-03-25/pimco-s-gross-says-bonds-may-have-seen-their-best-days.htmlGross in June 2007, I am now a "bear market manager" in bonds. The 10 year yield was 5.14% that day.
http://www.reuters.com/article/idUSN0749402420070607
Anyone who spends as much time on CNBS as he and PIMPCO does is all I need to know from a "trust" standpoint.
Sshh, the spirits are about to speak.
What's that? Bill Gross is a two timing snake oil selling hustler who's already sold his mother's grave for the mineral rights?
Come one, tell me something I don't know.
LOL CD. Someone is junking you already. Thread not even 15 minutes yet. Maybe some HFT wrote a program to auto junk every post you put out there. LOL.
I guess we have some bill gross sympathizers on this thread. can't think of any who would junk CD!!
between GS and pimpco, not sure which one is the bigger squid
In this instance the accuracy of the post is directly proportionate to the number of junks. Wonder what dweeb has the "check Zero Hedge" job at Pimpco.
Q. "How can you tell if Bill Gross is lying?"
A. "His lips are moving."
No better than a used car salesman, and actually that's unfair to them.
That was just a little something Bill's lawyers thought might help out down the road...at the trial. Just to be safe.
Jesus Christ! What did you think Gross was, besides a member of the Club??
No-one really thought anything different, unless they just didn't know who Gross was.
When does it stop being paranoia and simply become awareness? Like I said yesterday, "He's fucking with us."
everything is everything in my book..look at what we've seen. fucking elites are pre-emptively telling you what they are about to do, they do it, and call all "the little people" fattened up sheep that will bend over and take it. It's been that neon fucking light blatant. Bill, in my most humblest of opinions did two things with run turkey, run. 1.) Yes, he did fuck with us but,. 2.) he just tested the waters successfully..nothing happened..no warning shots taken at him or pimco..(the majority watched modern family's halloween special)...so now oligarchs of all walks will be doing more and more blatant shit. why? cuz the rules don't apply to them...he didn't say one thing wrong there..in fact...he left of a piece of the "pamphlet"...it reads: THERE AINT A FUCKIN' THING YOU OR ANYBODY ELSE IS GONNA DO ABOUT IT!! BITCHEZ"
Ahh finally at last PIMPCo film classics releasing special halloween versions on the trading screens,
"Grip of the Strangler".
"Hammer Whores Of Horror"
Rated 10-Years.
Anyone see that old movie "Deep Impact"? The only thing I remember from that movie is the following: Most of the movie is about the exceptional scientific and global leadership of the US. Then as the comet is heading for us the Pres-I-Dent gets on TV to the World ( since he is the leader of the world) - and says something to the effect - " There is a comet heading for us - we in the US have made our plans - those of you in those other countries should do the best you can given your Cultural backgrounds etc "-- wait ... wait.. I thought as the leader- of- the world you had a plan for All Of Us - "cultural" - hell - aint no cultural issue here - we dont want to die when the rock falls thats all ... ? No? Oh well OK.
Dats the way it will play out. Like in New Orleans etc. There will be a lot of bombast and BS coming out of Washington - but we are on our own.
"There will be a lot of bombast and BS coming out of Washington - but we are on our own."
My point exactly, do you really think TPTB will shoot themselves in the foot to bail out your worthless (metaphorically, of course) ass?
So bonds aren't going anywhere. I wonder how PIMCO is positioned on MBS and CMBS and how the PDs are positioned on Equities.
Well, there's patriotic, do the right thing rhetoric...
but... Then, there's business...
lets look back at all the comments yesterday praising gross for his "honesty"
and straight-forward truth telling LOL
Well I certainly never said any such thing about Gross or any of the rest of these CNBC trolling whores.
It means QE2 will be $750B
ie. The Elites dont have a Plan for us. They may have a plan for themselves. They dont know what they are doing. Economics PhDs from princeton dont know how the world works - they are part of a priesthood - they dont have a plan for US.
THEY are faking it - just like you and me - scary thought.
Take your pick:
Sheeple are the Submissive and they are the whip-yealding Master.
--or--
They are the Top and sheeple are the Bottom bitch.
So does NatGas frontrunning.
http://www.zerohedge.com/article/lbo-cardinal-health-imminent#comment-67...
If they are shorting strangles, doesn't that mean they are merely betting on increased variance? They are basically hoping for a total dud or an atomic explosion to profit.
Unless I am reading that wrong.
Other way around, they are betting not much happens between now and the Dec expiry. So as a previous poster said, qe2 will be mid range with the least disruption to the bond market as possible whilst pushing yields slowly lower.
ugh
time to leave my orders...
seeya in jan
http://www.calculatedriskblog.com/2010/10/update-pimcos-bill-gross-has-called-end.html
i'm the one who sent CR that info. i was so stark raving mad when i saw what Gross had to say that i had to find those two prominent past instances where he said the bond bull market was over.
i'm shocked that no one in the media called Gross out on it.
Tyler, et all... think about this logically for a few mins...
Bill (REALLY) Gross, throws out a few months back that 2trillion is needed (which he plans to front run). When it appears he is not going to get his way he throws a MASSIVE TANTRUM... (a total crybaby)... he covers his bases, and scares the shit outta the FED...
And soon he will get his way, because if he doesnt... HE can ALONE blow all this muhfuggin shit up in a few quick trades (for his clients of course).
His actions speak louder than words... so simple really!
All your 'front run' are belong to us, make your time.
Cheers,
CKF
"Yesterday I mentioned that Bill Gross was calling the end "of a great 30-year bull market in bonds". I thought he was changing his view, but this isn't the first time "
Umm so JPM is buying bond vol and Pimco is selling it? They are apperently expecting different outcomes.
Bill showing his sociopathic nature again.. oh that Bill.! The Bull Mkt in Bonds ended in 2003 Bill.. when you price in Real/Gold terms.
Bill Gross' (perfect surname BTW) missive yesterday was nothing more than a head fake to the suckers who shit themselves in anticipation of the BS that comes from his pie hole. Like Father Merrin's warning to Father Damien about listening to the Demon in the Exorcist, "The demon is a liar. He will lie to confuse us".
All he did was call the Fed's actions a big Ponzi scheme...he never said he wouldn't try to profit from them.
Gimme a break. Do you peeps see conspiracy everywhere?
This is most likely a hedge against the expected shocks on 11/2-3. Anyone witha significant position on those days would be an idiot not to hedge.
exactly right ..... who knows what else Gross has against this trade ? lots of possibilities. but he is still a tool and i'd still luv to kick him in the nuts.
answer 42 is right, it's impossible to tell what this trade means with a book the size of pimco's. changing their duration, betting on the steepness of the curve, you cannot tell without seeing thier book.
That ol' blackjack dealer....chuckle chuckle,,
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