Premium Update

As such I would like to relay a very important observation:

 

Bond prices soared to new yearly highs today at 141 06/32. 

 

When the market rallied December and October PUT options did NOT, repeat did NOT depreciate.

 

This could be a harbinger or a “tell” that the peak in prices is near.

 

At the very least it shows me that professionals are not will to sell out of the money, long dated put premium.

 

I will be observing the bond market colosely and will relay any observations.

 

The turn in bonds is getting closer. The name of the game is volatility. The more volatility they can create the more profit can be made. The turn will likely be sharp. Hold your bond positions.

 

Best Regards,
Robert McManus