keep your skis greased and stay nimble. A lot of "Gap" can be closed at a buck and a half a day like we got today.

I sold a K/M spread at 4.025 and was tempted to buy it back now that it has dribbled back a point but decided that I have more than enough left on my boat and I better un-load some of them before adding more.

This morning I have scalped a few MMMs from both the long and the short side.

Best wishes,

dhm