10/11/19 was up +1.33 to 62.61. The VVVs are trading premium to the component by +0.46. The model calculates that the component on today's kill will need to jump +0.95 to close that "Gap". A gain of that magnitude did not seem likely last week but the jump of +1.33 we got today may be signalling that a new trend is now in place and a gain of +0.95 could be a "Lead-Pipe-Cinch". I am going to cash settlement short a handful of VVVs.

I am still working to get my Hog Pricing Model going again.

Best wishes,

Doc