Very good point
Ag trade ideas
- Thread starter TraDaToR
- Start date
Very good point
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
Good call! Did you see the shift in the crude spreads yesterday? I had some July/Aug/Sept flys on and they got a significant move for the day. I think it was about .10 or. It came down to about .12 from .30 like a week ago. I missed the second leg down and got out around .17, but still pleased nonetheless for a .24 avg entry on several.
I know I mentioned it the other day but take a look at the feeder/live cattle spreads, I wrote down a paper long to test out something new on 2GFQ15-3LEQ15 on 3/2 at -25. It has really bounced nicely to . That price will show up differently in IB, think it just depends how it is quoted since its a $500 vs a $400 pt contract. I used barchart, but its getting quite a bit of movement it seems like
Not yet....feel like getting out though, can always re-enter later. huge resistance here obviously.
Long @ 8. It's kind of a hedge for my cattle/hogs spread as well.
I don't really trade flys that much, but I see you guys talking about them. May have to start following them more. That cattle spread is getting hammered right now, down to around $7.57, whew. Not sure if I would want to touch it now.
Pretty bad close for all my spreads.Oh man, I feel your pain on that cattle spread. That was a violent pullback.