Hi Spread Traders, My wrong question: For last several days â I am thinking, and more thinking, and try to figure our where is money in calendar spread. Far month is always current price+carry charges (say $2 more). If there would be any change in far month verses current that would be settled back by the close of day. So, differential will always be pushed back to same old original difference [on which one would have entered in to spread position at first place]. Even if one stays in calendar spread for 5 months, where/why difference will increase beyond carry charges that will give you ~ $1000 profit. For a minute, let us assume there would be a bigger differential â would it be within FND/LND? How long practically this differential sustains? I know Andy Gordon has shown profit, so MRCI â but somehow I am missing the point. Again, I am referring to calendar spread of same commodity. Clarify please. Thanks.