Satisfying Our Sweet Tooth
This morning the IMC blog added a third short position in the July cocoa/sugar (x2) spread when it rallied to -$4,000 (premium sugar). Initially, this ‘add-on’ spread will be liquidated on a two-consecutive day close above -$2,000 (premium sugar).
Over the last several months, the blog has increased the short position in the cocoa/sugar (x2) spread by three-fold. With a minimum downside target of -$20,000, we hope to continue adding. We’ll let you know if we see another setup.