Oh, I almost forgot to mention...The whole point of this plan about mitigating risk... Before the CL market closed, I had 4 open contracts. That required $4K in the trading account to cover the day-trading margin. But when the market closed at 5PM ET, the CME overnight margin kicked in, and with the offsetting spreads, will come out to about $700 due to the margin discount CME allows. So in effect, it is less risky to hold overnight positions in futures with the CME in a calendar spread than to hold onto them during the day. But it all depends upon your broker I suppose, and what they require you to do. This is one of the things we will be exploring in this journal, regarding...*shudders*...options. I fucking hate options. HATE. But if I could use it as a tool to help make more money, I am all for it.