I was on the wrong side of this spread the last few days short 5 June - Long 3 July and in and out of the spot trying to fight the trend.
Friday 17 May near close of business try to reduce the exposure by buying back 1 of the June shorts.....the system closed out all 5 contracts and rolled them over to July.
I am going to be so p***ed of if June price collapses.
and maybe a little grateful if the June price goes up faster than July.
Nevertheless the whole point of this exercise was to benefit from any last minute spread swing - put the spread on a few days early