Recent content by zfl

  1. Z

    Corn spreads trading way past full carry?

    I've also heard the LIBOR+1 metric somewhere else too so I decided to plug that in instead. When I do so, it actually makes the full carry cost come down, making the current spreads (market carry) overshoot full carry even more. The reason I am trying to correctly calculate (estimate) full...
  2. Z

    Corn spreads trading way past full carry?

    I wanted to get some feedback on the cost of carry for corn spreads. Using the "standard" formula with 16.5c/bushel/day and 1 + 3.25% prime I am showing an 88.85c full carry cost for CZ12 to CZ13 (or 7.4c a month). That means the current premium of 93-2 for CZ12-CZ13 is almost 105% of full...
  3. Z

    Synthetic BF corn spread of the decade...?

    Been following the ZCZ13-ZCZ12 spread and noticed on Barchart.com that the heaviest volume spread currently is ZCU12-ZCZ12. I put them together as a (synthetic) butterfly ZCU12-ZCZ12+ZCZ13 and notice a much smoother yet higher profit range spread. I've traded the ladder half wing since the...
  4. Z

    IB and exchange spreads

    Do you mean built-in exchange spreads like buy one contract of crude oil crack or exchange recognized spreads that you have to build yourself?
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