Currently up about 4% for the year in the third week of January. Absolutely no adjustments have been near needed. Off to a good start!
The market has strengthened up considerably given all the trouble going on. Adjustments are just part of this, we do need to be both diligent and prudent, so rather than taking unusual amounts of risk moving to an higher priced Oct…
Even I’m impressed with the timing of that June directional post! There is still one week until expiration of the June contracts, however with the ES market falling to 1600 shortly after the call and then just retesting and recovering…