w1891 - 6/12/2025 22:14
They could bid off any month they wanted. It doesn’t matter what the board price is as they don’t trade that. They trade basis and basis can be quoted against any month they want. What SX25 based bids do get them is 5 times as much OI to trade against when compared to Aug and Sept contracts . Low OI means higher volatility and less ability to do swaps. So they have a value they can sell into and their bid will all be based on that. Oh okay sorry I guess it's all on the up and up then. So why does my butt hurt every time they pull something like this? If those other months are worthless let's just do away with them and keep November and July. That should be plenty.
Edited by grower3 6/12/2025 22:34
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Basis games
