I’m back from vacation and am pleased to see that many bid/ask spreads have tightened and some trades have occurred over the last week. Most of the trading seems to have been in the calendar spread markets focused on the Aug/Nov ’13 spreads. (I saw trades in DEN, SDG and … Read More
Friday I teed up ten intercity day orders for the May ’13 contracts. While I’m open to continuing that discussion, today I want to focus on the other end of the expirations -the Nov ’17 contracts.
Unlike the May ’13 contracts where near-term outright price forecasts might cover a narrow … Read More
While sometimes it seems that traders wait for the front contract to have weeks to expiration before showing tighter quotes, trading this cycle looks to be different -and better. Thanks to broader participation, widths of bid/ask spreads for the front contracts are inside those posted even the day before the … Read More
Anyone looking for short-term price volatility needs to review activity in the LAV (Las Vegas) contract over the last week. Futures prices shot up 2-3 points after the Case Shiller release on Wed. Dec 26 as the LAV index posted the biggest gain (of the ten CUS components) with a … Read More