Food for thought Info PostIf Cash was 1.75 and June exit at 1.963 on May 26 = 21 cent spread under some what duress conditions.
and the market was projecting cash to be 1.97 (most recent 1.99) on June 1
Why would one think the market would discount the spread to July when the some what duress conditions are gone till next month end.
Discount meaning 1.99 + .21 = 2.20 July (on a apples to apples duress conditions, which the market understands is gone on the 1st of the month).
Just one angle a risk management view should have been evaluated on Friday.
The other is why would one enter an ETF trade U or D on an exchange that is closed Monday, why not trade an exchange that is open, so atleast you can have access to control the risk management of the trade if need be.
Just food for thought.