I’m continuing my efforts to narrow down the list of contracts that I continually quote, both as a risk management tool, and to try and steer any potential interest to a smaller set of contracts. After all, if there’s been no trading interest in longer-dated Miami, what’s the benefit of continually quoting X14, X15 and X16. ( I may try to add some quotes near CS days and at month-ends.)
In pruning contracts, I’ve typically left quotes in contracts that have any open interest, the first two exposures (today Nov’ 12 and Feb ’13), and at least one longer-dated expiration per region.
As before, all contracts can be quoted and traded by anyone, so feel free to populate quotes on any contracts. I’m going to focus on the contracts that have outstanding open interest, the front contracts, and some other November expirations. My sense is that new interest should concentrate there, but all 121 exposures are fair game.
If you’d like to discuss quotes in the more active contract expirations, or in any of the contracts, please feel free to contact me (johnhdolan@homepricefutures.com).