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July/Dec cotton spread

FWIT, I see where the N/Z spread moved out to 500 today!

I put it on at 370 and got out at 455. The move since then is pure spec. The GS roll ends today, volume in the spread has been large almost 6,000 contracts and its only 12:30. While it may go to 550, it may also crash and burn. All things being equal, maybe I got out too early, but nothing wrong with taking a profit.

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