Cocoa/Sugar Spread: Adding More

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).

July Cocoa Sugar (x2) spread daily

July Cocoa Sugar (x2) spread daily

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.

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