Contango on rollover action

[5yrtrader]

Quote from MGJ:

If you've identified a reliable pattern of price movement, either in the spread or in the legs thereof, trade it and collect profits. Why wouldn't you?

Lol, because look what happened today

 

[jj90]

MGJ, very good point. I sometimes overthink things, but today's action confirmed my beliefs.

5yr, I thought the same way about your reasoning, but obviously the market thinks otherwise. APR got some bid in the pre market but after that it was a waste of time. Lesson I'm reminded of here is stick to what you know.

Thanks guys, good stuff here.