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Question is could it be potentially very profitable to trade against those liquidation type movements.. from my first post the spread has already moved from -26 to -21.. taking a small long position
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
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The thing you have in your favor is time. That Dec22 is 8ish months from expiration. The big issue with the CL trade I posted (which I have one the wrong way around) is that expiry is only 3 months away!
With May wheat locked limit up it's very difficult to even guess where this spread ultimately trades, but I kinda want a piece of it. As @myrrdin already mentioned, size would have to be small because you just can't handicap the risk on something like this but it's still tempting...