Roll-over time already!
Sold 2 Apr NG at 1.983
Bought 1 May NG at 2.075
Bought 1 June NG at 2.19
Note that I rolled over 1 NG to June, which is two months out. I did this because not only I think it will take a long time to pan out, but also, to avoid a negative spread often found in a front month contract. What this means is if NG is going up, chances are front month contracts will likely up go faster, but on the other hand, if it goes down, it'll go down faster. Since I'm holding two contracts, I'd like to spread out a bit.
As of today, I'm about -$14,210 YTD. Ouch.
Tuesday, April 24, 2012
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