This section will discuss my interpretation of the basics of STIR futures trading.  I will publish new material as it becomes developed, rather than wait until everything is completed.  This will be a constant work-in-progress.

Probability Distributions of EDZ8

By | July 29th, 2018|Categories: Basics, Featured|

[Below is a Trade Thought essay that discusses a real-world application of the options article I wrote for the CME]   This will probably be a multi-part series.  This week, I wanted to discuss the pricing of [...]

Algo Shenanigans

By | November 26th, 2017|Categories: Basics|

[WARNING: Idle Speculation Ahead] Last week, I mentioned what I suspected was potential spoofing in the ED markets.  Of course this was just a feeling.  I don’t have the tools to record and monitor the [...]

Legging Lessons

By | September 17th, 2017|Categories: Basics, Featured|

Since some of you may be new to ED trading, I may occasionally do a “Trade Basics” segment.  There was an interesting trade that went through on Friday, and I thought I would discuss it.  [...]

Conditional Curve Shape

By | June 4th, 2017|Categories: Basics|

I think of value on the curve in two ways: (1) bottom-up, and (2) top-down.  Bottom-up would be looking at a small piece of the curve and thinking about the value there, whether it’s a [...]

Widen Your Trading Horizons

By | March 13th, 2017|Categories: Basics, Featured|

One of my pet peeves about trading is how the general trading population can only think in terms of “up or down.”  As a result, people tend to under-appreciate market commentary that is not related [...]

Curve Regimes

By | February 19th, 2017|Categories: Basics|

I finished that article on regime change for a trade magazine, and it has been approved.  It should be published some time in the next few weeks (I’m guessing).  There was one part of it [...]

The Six Pillars of Long Rates

By | December 12th, 2016|Categories: Basics, Featured|

There are Six Pillars of low rates in the long end. You’ve heard me discuss these in the past, but not presented in this way. We have the Big 3 QE central banks (ECB, BOJ [...]

Fed Meeting Pricing: Quarterly vs Non-Quarterly Meetings

By | August 22nd, 2016|Categories: Basics|

One of the more interesting things from last week was that FFV-X traded up to 2bps.  For most of the year, we said it was highly unlikely for the Fed to hike less than a [...]

Jobber’s Paradise

By | August 15th, 2016|Categories: Basics|

[The table of Flip Trades have been omitted, in consideration of subscribers.  However, the main point of the write-up holds:  that you should adjust your trading strategy and ranges, based on the trading environment.  Don't be [...]

The following is a partial list of additional content you can expect in coming months:

Go To Philosophy

Trading Philosophies and Tips

Things you should consider, good trading habits you should develop, and helpful tips.
Go To Philosophy

Best of the Forum

Edited excerpts from some of the better threads in the Forum.

Curvature Primer

It’s all about the greatest positive expected value!

Frequently Asked Questions

a.k.a Miscellaneous Stuff.

If you would like to discuss any of the items further, post in the Forum  →