Actually, just realized I was in that trade and we discussed it a couple weeks ago. I can't remember why, but I exited it.
Fully carry on it is somewhere around 18, right?
Fully carry on it is somewhere around 18, right?
In a committed effort to work on holding stuff for longer, I will do the same also
LEJ - LEM pulled back a bit to around $7.42 today. Not sure where it really goes from here. I know this is an ag trade idea forum, but I really like shorting the April heating oil contract, long the May. About $250 in margin to hold. It exploded last week on the cold weather on the East Coast, pulled back, and is popping some today. There is some support around .026, but if it breaks that, could easily go to .016.
http://www.brecorder.com/markets/co...s-from-fresh-sept-highs-on-profit-taking.html
"Prices are up 12 percent since the start of the month as stocks have fallen to under 8,000 480-lb bales, down from around 64,000 on Feb. 2."
short the sep-dec wheat spread for one .
