that "The Market" thinks we are going to set a record relative to the amount the CME Index will gain between now expiration of the NNNs. The most the Index has gained in the last 10-years was 1.80 in 2008.
As I'm sure you have noticed, the HEN4 is now premium to the Index by 4.27. It seems possible to me that the NNNs may have to cough up a point or so. I scalped out of an NNN on this dip and am now ready for another sell if it pops back up to the 130.50 level again. I still have enough short NNNs in case the market shows some more weakness.
Best wishes and good luck on your trades,