PL/GC

Discussion in 'Commodity Futures' started by spreadem, Jan 6, 2015.

  1. PL only $6 over GC. Time for a buy. Anybody else trade these spreads?
     
  2. Trader13

    Trader13

    It's a nice setup, but I just don't like being short gold. Any whiff of a crisis and I don't think any spread will hedge a jump in gold.
     
    TimtheEnchanter likes this.
  3. PLJ5-GCJ5 trading between $8-$9 now ... still watching.
     
  4. SF currency crisis causes spread to go negative. I'm taking a shot with PLJ5/GCJ5 at -16.0
     
  5. bone

    bone

  6. bone likes this.
  7. bone

    bone

    My new clients are usually astonished at the diversity and number of spread positions they can have on simultaneously with such modest capitalization. Having said that, I wouldn't necessarily recommend a metals, or cotton, or energy crack spread for my noobs transitioning from paper trading to the live markets. But the higher margin credit spread combinations will likewise have less volatility and higher correlations typically. You might be in a Eurodollar butterfly spread for five months. Likewise, you might hit your profit target or get stopped out in SI vs GC in a matter of days !
     
  8. Taking another shot with spread -46.0 ... yep, I'm doubling down.
     
  9. are you still in? I bought the dip today at -18.50......

    how did you play it, what is your average?
     
  10. Yes I'm still in. I bought in @ -16 and @ -46. I'm about back even now after being way underwater. Playing for the spread to expand upside when metals complex make a bullish move. Lately metals complex has been weak.
     
    #10     Feb 9, 2015