Spread in an extreme area
This calendar spread is currently close to an extreme again. If you want to short this spread to exploit the mean reversion effect be careful because this specific spread (September/October) is only tradable until mid of August!
A first take profit could be the level of $1 if you are conservative. If you are a bit more aggressive then you can close the trade at a lower level, for example, $0.80 or even lower.
A first take profit could be the level of $1 if you are conservative. If you are a bit more aggressive then you can close the trade at a lower level, for example, $0.80 or even lower.
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