Oops

Yer looking at the after-hours ladder print, pay that no mind. The volume on the contract is too high for there to be a spread of that magnitude when CME is open.

 

How is it even possible to CLV20? Not that I don't believe you, but why would you trade something that expires in November? There's no friggin' volume!!

Thanks, I've misread it. However, it still makes no sense. I've been trading CL for a long time and I've never seen a spread that he mentions.

 

You mean NYMEX?

 

Right, Markets are closed. That is what happens to the order book. Here's MNQ when market is closed...



Don't sweat it, man.

 

Why did you got out that far.

The June contract is pretty liquid.

 

My logic was that I may want to hold it until the economy fully recovers. If I have a contract that expires sooner, I might not have time if I chose to do that.

 

Yes, the CME is Nymex, part of the Globex family. That includes the CL.

 

So it's not because it's expiring in October and there's not much volume yet?

 

So yeah, you've just become a dyed-in-the-wool swing trader. Welcome to the family! You have until Oct 19th for the position to get into profit before you have to close it.