$1.15 drop In Q1, copper rose $0.33 and TKO reported a unrealized loss of $7.5m and a realized loss of $2.3m that expired.
In Q2, copper has dropped about $1.15.
On paper, TKO should have a decent bump in their Q2 earnings report with 6 months of $4.00 puts in place as of June 30th.