Great success!

Posted on 07/28/2011


In the event that you took the round about reco to be SHORT Sept RBOB and LONG Sept HO (gasoline v. heating oil) spread yesterday (psuedo crack spread)……may I present you with a gift horse that you ought not look in the mouth.

That spread moved “our way” by between 4 1/2 and 5 cents today (with Heating oil outperforming Gasoline markedly). That equates to between $1,890 and $2,100 per position. Simply TOO much not to close.

I have a graph, but it’s too big to attach……..for the minute, you’ll just have to trust me that it moved from EVEN to HO 4.5 OVER as I write.

Good (aggressive) guys 3 – Market 0

This chart is terrible, but gives you some sense of the mean reversion: