Back in mid-Dec, on the Minyanville Webcast, we suggested that Red and Green Packs of Eurodollars were expensive to the Fed's change of posture. Also, an historic event had transpired as open interest in the products had exceeded the "white's" for the first time ever. Lastly, a "large West Coast operator" had taken to the airwaves to promote being long said rouge and verde toxins.
This Monday, we highlighted a WSJ article by Sudeep Reddy that smelled like a warning, if true (it was) to us. Today, those products are getting the Clampdown (Everything I learned from the The Clash, @Groditi ) and the chatter is the West Coaster is changing his mind.