... for a 1.60 credit.
Notes: Primarily a delta hedge for front month short delta, I'm continuing to take advantage of /CL futures term structure by shorting the front, longing the back with /CLG0 (January) trading at 59.69 versus /CLJ0 (April) trading at 58.53.
Additionally, sets up nicely with the range low and collects one-sixth the width of the spread. Position scratch at 17.20.
Notes: Primarily a delta hedge for front month short delta, I'm continuing to take advantage of /CL futures term structure by shorting the front, longing the back with /CLG0 (January) trading at 59.69 versus /CLJ0 (April) trading at 58.53.
Additionally, sets up nicely with the range low and collects one-sixth the width of the spread. Position scratch at 17.20.