That HO spread is coming off, just broke through the support around .025. Not the best feeling when you watch a trade go your way that you didn't put on. FCX, did you get $3k for the margin on that April-May HO spread, or was that HO v. RB? I used the CME Core Margin calculator, that's what gave me $250 in margin.
Ag trade ideas
- Thread starter TraDaToR
- Start date
I'm showing April May on HO as about $2,500 initial and $1,900 maintenance.
FCX: You are correct, I was incorrectly using the Platts heating oil contract in the margin system.
I am in with a different one. Short Jul/ Long May 16 @ -1.77.
Out @ 17. We are running at 90% of full carry. Given we currently are at 65% on front spread( May/Jul) the chances of carrying charges increasing at the end of May are quite low so the reward is not worth the risk of holding longer. Greenie tell me if I am wrong.
The LEJ - LEM spread is breaking out above the resistance around $8 now. Should be interesting to see what happens with it today.
It is somewhat high compared to normal levels isn't it?
That spread was range bound from 6.60 to 8.00 for the past month or so. I think it could be headed to 9.00 or so. Might get a pullback to around 8.00. There is some decent volume in it for a cattle spread.
That heating oil spread has come off to around .016 or so, pretty close to my price target. I was way off on the margin requirement, but called the move right
That heating oil spread has come off to around .016 or so, pretty close to my price target. I was way off on the margin requirement, but called the move right