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Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,057 since Dec 2013
Thanks Given: 4,409
Thanks Received: 10,225
CME Member Margin for Jun20 today is $6,400 and tomorrow when it becomes prompt will be $7,500. Non Member rates 110% of that so $7,040 and $8,250. That's quote a lot of protection. Maybe the craziest thing about this is that the K/M *SPREAD* has moved $50 two days in a row. The margin requirement for the spread itself is only $2500! For June/July it's only $1100!
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,057 since Dec 2013
Thanks Given: 4,409
Thanks Received: 10,225
I've been asking this for over a month. Unless Demand exceeds Supply for June isn't the situation worse in June than it was for May? I think the big contango spread should always have been June/July or maybe even July/August.
Raise your hand if you think Demand exceeds Supply for June?
It is just only a physical problem:
If you stop a well (fracking) it is DESTROYED.
Thus supply at this moment of over flooding stocks in USA and in Arabic states of course are higher than any demands since a year. Direction for next months is clear!
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,057 since Dec 2013
Thanks Given: 4,409
Thanks Received: 10,225
Thats rare for IB they are known for being extremely aggresive in liquidating client accounts at the smallest hint of a margin call. I wonder whether their liquidations also didnt work because of the negative price issue?