since August with the hedging opportunities. We started with Oct hedges, not sure how much downside we would get until they broke 97 support then we really got excited with what seemed like a no brainer. I was rather cautious for awhile when we banked our first $10 run because no brainers have come back to bite me. The fundamentals kept flashing extreme weakness and the technicals were screaming down. We figured we would have one round of hedges for Dec when it became front month. to my surprise the fundamentals and technicals kept screaming down at me and we kept our 2nd round of Dec hedges into the first week of Dec and completely confused with what to do with our Feb hedges we put on just before banking the Dec.

I don't ever recall holding Dec hedges into Dec and the Feb hedges were a result of drinking too much Hedge Juice. Now we have another round of short Feb just due to hedge reflex, we've been darn Lucky and all good things do come to an end, I'm just waiting to have my head chopped off with the way these markets are moving. I've never been this lucky this long so my day of reckoning is coming.