previous figures have changed. z is % outperforming x on the way down. I had a mechanical bid in for ugaz 10.50 based on premarket numbers Canceled My 1/2 position U bid
Bottom line: the mechanical trade for this is tap the U ask when x tags 2.95 & 2.94 and grit your teeth wherever z an u are at that time
Considering this and holding my short for Z to Cash$ reset and/or conango momentum reset. only bitch of that is~ it could be Z 3.22 before they meet with a rising cash price environment. ... and then what do I do :-x
also of note: 2.95 was tagged yesterday during regular hrs trading Those that know what (Same Day Cash$) is doing already bought the momentum reset. So I watch volume in that area today if it gets tested If it doesn't test... I check Cash$ tonight and decide if I take a loss on my short or not
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