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I was debating on averaging down on this one also. The only thing that made me hesitant was I believe it has gone a decent amount further than where we are at now before, I wouldn't want to average in too early and see it go to 10. Idk I'm going to watch it some today and might add to it also.

Yeah, I meant long soybeans short wheat. I saw the trade on seasonalgo, but haven't really looked into it. The main thing that caught my eye was just the performance over the past several years. It seemed to be at a low towards the end of January for the past 4 or 5 years in a row before really...

What are everyones thoughts on the July Wheat/Soybean spread? I came across it today. The spread seems to be pretty low currently relative to the past several years. I am going to look into the fundamentals on it this weekend and form a little better opinion on it.

Thanks!

That is what I do now also, I did have one day where a spread moved significantly further than I expected and an entry order ended up executing, so now I put it much further away or just don't do it at all. I do leave orders in to sell and what not to adjust those. But entry orders I don't...

Does anybody know of the proper way to request IB to add features to their mobile app? I would like to be able to do futures spreads from my phone, it is relatively frustrating to not be able to enter, close, or adjust an open futures spread while on the go without legging out of it. I have sent...

Yeah lol, I definitely missed a good one on that CL spread. I still made some money on it, but was going the wrong direction and not nearly a long enough time frame anyways. Not sure how much wider it will get but it sure is moving well so far.

Yeah, after I sold, I about smacked myself. I have been looking for it to pullback some since last week, then as soon as it does instead of buying more I sold. That is why I turned around and bought calls. I bought the May $4

I closed out my stock position and used some of my profit to pay for May calls instead. Regardless of what happens with the options, locked in about a 10% gain in two weeks after the cost of the options, so I am pleased with that.

That is what I was thinking is they are probably better off not locking in anything right now, so they can have as many available as possible if rates move up significantly. I think I will more than likely buy August calls instead of adding to my stock position now.

So they have only locked in 1 tanker so far. Am I correct in thinking that is probably going to be a smart move, because if rates spike much higher they will have their other 39 tankers or however many it is ready to go.

I was hoping FRO would pull back some on yesterday so I could get a better entry, but so much for that. Still holding from 2.66 but would like to add more also.

You're the man, keep the good info coming! Really appreciate it all, really interesting stuff.

So based on them having things arranged for 12 months out, do you think they are just planning to store it and hold for higher prices vs the standard storage trade where they have already sold the contracts a few months out? Article said less than $40,000/day, so on a 3 million barrel tanker...

Yeah, that sounds like a good call. You can always wait and reenter again like you said. I made a few stupid trades, so trying to do more paper trading now and follow along with how things are actually moving and testing some new ideas. You work in oil, right?

Does anybody have a good free site to see historical tanker rates? Most of what I found on google seemed to either require a subscription or had very limited data Thanks!

The CL spread looks like it is doing quite well for you. I have made quick trades on it a few times since we last discussed, but haven't held anything for more than an hour or two.

Thanks for posting that the other day, by the way. I bought in at $2.66 last week on a small position after looking into it.

Graphene solar panels lol. If only somebody could figure out how to mass produce the stuff...

Just checked, the front spread is currently requiring $7,574 initial and $6,059 maintenance margin through IB. Granted the exchange requirement went up significantly, but still IB is significantly more. Oh well. It is still probably better than a lot of other options out there. Hopefully I can...