Oh yeah, we've been killing with the CL Flys and Condors. Lots of quality entry signals - and guys aren't waiting too long with them either. I have one client who bought a CL Condor a few weeks ago, hit his profit target, and sold a CL Fly the next day - slightly different curve area. Bam bam.
Crude is screwed, man.
- Thread starter Overnight
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On Feb 22, this graph was almost straight. I thought my spreadsheet was broke. It would be interesting to see that happen again, soon.
The problem is: I have no clue how this curve flaps around. There is minimal front month directionality attributed to it.
Moment of clairvoyance on your part IMO. BTW, the balance of 2018 rocks so put that in there pronto. Hell, there's some 2019 expiries we actively trade.
Brent is tightening fast and WTI not far behind. The Dec17/18 strip is already in backwardation.
if you do a 3d chart model of all the forwards you will know exactly how it " flaps around . It can be done in excel fwiw
For the last 2 months, volatility has really come down of crude oil. Now trading more number of lots than earlier.
@PistolPete
3d? Please enlighten me. My understanding is very elementary.
I do understand comparing tenors, but I lack creativity in designing the spreadsheet. Can you recommend something easy to implement via RTD?