10/14/15 dished me out a surprise and eased lower by -0.02 to 78.98 rather than posting the mild up-tic the model projected. The weakness of the ZZZs has driven the "Gap" to -8.48 with the ZZZs being at a discount to the component. If the weakness in the kill rate means anything, then there is a good chance that the Index will remain firm enough to suck the ZZZs up a little by the time they go to cash settlement.

So -

I bought a pair of ZZZs this morning.

And I'm happy to say that "The Market" is giving me a little spread action on the G/Js.

Best wishes,

dhm