RE:.11 spread...bago wrote: from the low to the high today. BTE will be back to 5.5 by the end of the week. All bets are off though if OPEC comes out with bad news. If oil breaks up during the Fed minutes BTE could see 5.35 or higher on the other hand if oil breaks down we could see the teens. So far so good and holding up well and the market does seem to like this deal as it's totally normal to sell off some....mgba
Yeah, with BTE's huge volume the old "buy PP and short at anything above it" strategy will be worked out very quickly.