Simple question prolly.. Why are the YMZ and the Cash Dow so far off during the day.. I don't trade them, but I've noticed it of late...is this a new phenomenon?
I don't see any major difference between YMZ and cash Dow. www.indexarb.com shows YMZ futures at discount of 12.17 to cash Dow. Most of the day YMZ futures were trading 10 to 16 points under the cash.
Ahhhh...prices are the same...it's the delta that's throwing me off.. -499 on the YMZ -427 on the $INDU Is that not still weird...??
Cash close is 16:00 EST, futures close is 16:15 EST. These days a lot can happen in 5 minutes, let alone 15 minutes. The futures had a big run up after 16:00 on Tuesday.