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Post# of 41155
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Tony888

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Tony888

Re: 3kidsplus1 post# 31473

Tuesday, 03/01/2016 4:33:19 PM

Tuesday, March 01, 2016 4:33:19 PM

Post# of 41155
Short covering. Bad news creates the liquidity to cover. I think this is a calendar spread play to benefit from contango. Short the next month contract while covering the short on the current month contract. Rolling the short over.
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