A trade idea on Lumber: Long Lumber butterfly (1*Nov17-2*Jan18+Mar18) @ -15.1 to trade a bump on the forward curve. See charts below: It is really illiquid so difficult to put some decent size, should be better in a few weeks.
I guess this one( or a close one ) came on my alerts last week. But then I watched the back months spread liquidity and forgot about it. That's one of the problem. It's easy to find spreading opportunities on low liquidity prodcuts but you have to work your orders for a few days to get the desired level...Valid spread though.
I got out today @ -0.125. Sep/oct spread and basis are dropping like a rock. Better than a loss but it didn't work out as expected.
Long time no see my Dear Forum^^ Meats spreads are going crazy ! Any idea why we have this messy moves ? And why LC/FC/LH have currently a similar behaviour ? I bought some LH V/Z, got stop loss and now I wonder how to play the game. I would like to buy it again on low level + seasonality What do you thing ? @Autospreader