HFI do you have any napkin math on roll value should we hit a super spike to $180 or above? In that situation you are probably looking at huge $10-$30 backwardation each month I’d imagine. If you do the math on something like that are we talking like $35+ Added to BNO over 5 months?
I'm curious as to what your price target is for BNO in January. You see it at or near 100?
HFI do you have any napkin math on roll value should we hit a super spike to $180 or above? In that situation you are probably looking at huge $10-$30 backwardation each month I’d imagine. If you do the math on something like that are we talking like $35+ Added to BNO over 5 months?
I do not my friend.
Where do we see the portfolio link on the google doc? I am curious to see your sizing. Thank you.
I DMed you.
Curious which strike you went for?
Apologies, $70 strike.