I'm currently going over a lot of historic calendar spread charts for crude. Anyone know what happened when the Nov 05 was about to expire and the CLZ05-CLX05 spread turned so sour? I don't know, maybe the short interest was too big when everybode wanted to roll over, and the November-contract was hard to come by? Any input appreciated.
HUrricanes tossed all those spreads for 6 months. You think thats nasty take a look at the natty spreads.