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Gasoil spreads and flys

This is a discussion on Gasoil spreads and flys within the Energy forums, part of the Commodities category; Hello i trade Gasoil spreads and flys, does anybody else trades that? I am a relatively new trader and i ...

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Old Mar 20, 2009, 5:35pm   #1
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Gasoil spreads and flys
Hello i trade Gasoil spreads and flys, does anybody else trades that?

I am a relatively new trader and i would like to ask any more experienced member how did the market used to be before the crunch?

I was told that it used to be more volatile because some main Investment banks used to trade it but now they have pulled.

Any info would be helpful.
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Old Mar 22, 2009, 4:45pm   #2
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Do you mean Gas Oil as in the 'gas oil' contract traded on ICE?

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Originally Posted by notgreedyanalyst View Post
Hello i trade Gasoil spreads and flys, does anybody else trades that?

I am a relatively new trader and i would like to ask any more experienced member how did the market used to be before the crunch?

I was told that it used to be more volatile because some main Investment banks used to trade it but now they have pulled.

Any info would be helpful.
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Old Mar 22, 2009, 6:36pm   #3
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notgreedyanalyst started this thread Yes, this is the one i mean. Do you trade it? how do you trade it? do you remember how it used to be 15 months ago?

by the way are you greek?
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Old Mar 23, 2009, 5:57am   #4
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Quote:
Originally Posted by notgreedyanalyst View Post
Yes, this is the one i mean. Do you trade it? how do you trade it? do you remember how it used to be 15 months ago?

by the way are you greek?
Hey there. Yes I trade Gas Oil. I would say 15 months ago it was more volatile (in a good way!). At the moment the phyiscal demand just isn't there, and the GTC facility the exchange brought in this year has really killed the market - You can't really 'nick' a quarter by buying april may -8.50 as easily as you could do in the past - because you have to wait 2 days for the volume to trade through on the offer @ -8.25!!

I'm definitely not greek!! :-) If that's based on my name, it's a character from 'The League of Gentlemen' - google it!
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Old Mar 23, 2009, 9:46am   #5
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notgreedyanalyst started this thread That is really true, it is getting quite slow the last weeks, especially now that we are heading towards summer and the demand for heating is reduced.
However it is a safe trade cause the flies are mean reverting but it takes time.... it is a swing trade now, not intraday anymore.
Do you trade in the City?
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Old Mar 23, 2009, 11:03am   #6
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Originally Posted by notgreedyanalyst View Post
That is really true, it is getting quite slow the last weeks, especially now that we are heading towards summer and the demand for heating is reduced.
However it is a safe trade cause the flies are mean reverting but it takes time.... it is a swing trade now, not intraday anymore.
Do you trade in the City?
Yes and it seems people are basically looking to trade anything that moves at the moment! People need to earn money, so if they can't do it in Gas Oil, they move to Brent Spreads and flys, or Gas Oil Brent cracks for example.
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Old May 18, 2009, 4:48pm   #7
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hi ..i too trade gas oil spreads out of india..am trading it for 3 years now..i am also facing similiar issues and am trying to cope up..it really was a different market 6 months ago..but am hopeful that by winter it will be back to its earlier form..
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