11/30/ 16 was up +0.69 and the model projects that the component on yesterday's kill will be up between +0.15 and +0.45. The ZZZs settled premium to the component by +2.63. We are going to have and interesting ride going to cash settlement.

Packers purchased 97.1% of the moving average purchases with their higher bids yesterday.

I'm a tiny bit long the ZZZs now.

Best wishes,

dhm