"From China to you with love." Yeah, right. All the boneheads need to get their tinfoils off their head for once. Considering that China has...
Go back to 2009 and you'll see the same "super contango". Reason for such a wide spread is traders expect lower prices for the spot month. Also...
This is like comparing a rope walker with the safety net and one without the net. To the spectators, what does it matter, right? But to the guy...
How can you not like this guy :D
If you can find a storage, you could make a tidy fortune by arbitraging. But no can do. There's nowhere to store. Cushing reports they are maxed out.
Or maybe not! :D Boring as heck earlier...now it's acting too crazy.
Out +10 Think I got robbed again.
Long 26 SL 23 36 PT 49
Out -2ish Today is one of those days: death by a 1000 paper cuts. :fistbump:
Flip long 28.50 SL 26 -2ish
Flip short 26.75 SL 32 -1ish
Flip long 27.50 +9ish
This is it. We're going down.
Flip short 36 +2
Flip long 34
Well, it's not the first time and it won't be the last. Ya just gotta suck it up and move on.
It is stupid. But the rally feels very tame.
Short 35.75 SL 42
-5 They love to gun my stops, don't they?
Short 36 SL 41
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