(On NG futures.) Check out the new overnight margins on outrights starting tomorrow. https://www.cmegroup.com/notices/clearing/2018/11/Chadv18-459.xlsx What do they see coming? Or is it just knee-jerk to the bru-ha-ha of the past week?
@bone Was looking a bit deeper into the spread margins, and it seem that the Mar-to-Apr calendar, and Mar-Apr-May butterfly have the largest increases. All the months around them have either much less, or minimal-to-no increases, and are very low from the outset in comparison. I can understand the seasonality of the change, going into start of spring, but what do you think they foresee happening that would cause them to have such large percentage increases in next spring's cycle? It seems a rather onerous requirement? What is going on there in their thinking, do you think?