It always seems like the front-month contract trades 5-point premium to the next expiry. Well, at least for the last 2 years that I can remember. Why the hell is that? Also does anyone know by how much the two contracts converge as we near the expiration? I believe someone discussed this in detail but I can't find it.
But did you honestly think we would go from one extreme to the other in one day, most of the move coming in AH (of all hours!). Anyway, I hear Santa's throwing a party early this year.
to no one in particular, see "approaching trading with an empty mind". I was trying not to laugh yesterday when all the fast money guys were calling for the end of the world, you are the guru. http://www.brettsteenbarger.com/articles.htm
I was wishing you well, not questioning your ability. These type of days caught me more than once. Everything is tradeable.
I'll be joining ya. Thanks, but do you have the specific link to the thread or know the thread name? I guess what I want to know is why the difference between the two contracts is always 5 points rather than, say, 20 points. As I said already, that difference has been pretty consistent for the last 2 years.