Added another 4 lots yesterday at 1.66, current now 1.75. Definitely thinking about taking some off the table at either 2.x or as the front month nears as I don't think I want that front month exposure in the spread.
Out 10 lots (1.41 avg) of CLH16-CLF16 @ 1.87, 6 left on. This spread has done pretty well for me with good trending and not a lot of heat. Can't say that for many of my outrights.
Out remaining 6 lots (1.41 avg) @ 2.03. So total duration was 9/17-11/18 (2 months), net 8380$ on 16 lots at peak - which probably isn't even that big compared to other spread traders like @bone, etc.
Are any of you all looking to put on heating oil or nat gas spreads as we go into winter? I'm following the widow maker on NG (mar/apr), but haven't done anything on it. I am going to dig into the HO spreads some this evening and see if there are any good seasonal tendencies or potential spread plays there as well. Where I live the weather has been so out of whack I haven't even thought about it until just the other day. We have been in the 60's when normally it is freezing right now. It got down to the low 20's last night...and then in a day or two it is supposed to be 70 again...TN