This is the April 2020 Monthly Recap of the Trade Spotlight: Spreads advisory segment.
Long the July 2020 / Short the December 2020 RBOB spread from .0175 points (4/29/20). Spread settled at 0.262 points. Marked-to-market profit of $365.40.
Sell stop for the RBOB spread at -.0220 points, below recent session lows, GTC. (Initial risk: $1.659).
Sell limit for the RBOB spread at .1000 points, the top of the gap and above the 50% Fibonacci Retracement (.0845) of the sell-off, GTC. (Profit: $3,276).
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