6/9/15 was down -0.14 to 82.09. The MMMs are now discounted to the component by 0.71. The data is not giving me a very strong feeling about the direction of the MMMs so I am long a onezie thinking that the index might be quite stable and the MMMs will need to bounce at cash settlement.

I loaded my boat with three more long Q/V spreads. I'm not looking for a very big bill of lading to ferry them across the pond. Ka! Ching!! One of them is gone already.

Best wishes,

dhm