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a 2 cent spread is not alot the front 3 months are pretty liquid u need to cross some bid offer to put on any position. most of the time it is made 1 cent around theo value if 1 cent entry exit cost is gonna make a trade unprofitable even over time it isnt worth doing most mm blow up bc they get...

what do u think about vf here. last year it came in even as we sold off and settled near the lows (quoting to premium) do u think the opposite will happen if ng rallies as the back selling pressure is taken off or will the spreads continue to come in.