Recommendations

By Marc Nemenoff
06 November 2009 @ 10:41 am EDT

Financials: Dec. Bonds are currently 13 higher at 118'20. This mornings Employment Report showed a decline in non-farm payrolls of 190,000, slightly more than the average "guestimate" of 175,000. The range of estimates that I saw before the report ranged from a loss of 115,000 to 205,000. The immediate reaction was a rally to the 119'00 level. This rallied allowed us to cover our short 116'00 put at 15 points and also gave the opportunity to sell short the Jan. 115'00 put above the 1'00 level. This leaves us with the combination of short the Dec. Bonds and short the Jan. Bonds 115'00 put.

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