Two weeks to go -Aug ’13 contract tightens up

I mentioned in yesterday’s blog (on calendar spreads) that the bid/ask spreads in the Aug ’13 outright markets had narrowed.  That seemed to challenge/prompt other traders yesterday to bring spreads in further.  (Thanks! Always appreciated!)  Those actions resulted in 35 changes (all upticks) to closing prices.  (I view keeping closes … Read More

Inter City Spreads for Longer Expirations -4 Nov ’17 IC spreads

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