This is the October 2019 Monthly Recap of the Trade Spotlight: Spreads advisory segment.
Short the January 2020 / Bought the June 2020 Heating Oil spread at .0665 points (10/14/19). Spread last at .0718. Marked-to-market loss of $222.60.
The upper resistance level has held. Watching for a opportunity to trail stop loss lower to reduce risk.
Stop loss for the Heating Oil spread on 0.875 points, above the recent spread highs, GTC. (Risk: $861, plus commissions and fees)
Target order for the Heating Oil spread on .0280 points, near the mid-summer spread low, GTC. (Target: $1,617, not including commissions and fees)
Stopped out of the short February 2020 / long March 2020 Natural Gas spread from 0.120 points (9/23/19) on 0.94 points (10/04/19) for a profit of $260.
Bought back the February contract on 2.619 / sold back the March contract at 2.525.
Stopped out of the short December 2019 / long the April 2020 Live Cattle spread at -9.100 points (10/01/19) at -7.750 (10/07/19) for a loss of $540.
Sold back the April contract at 119.075 / bought back the December contract on 111.325.
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