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ZB Roll

I have posted in the past that in the roughly 18 months that I've been trading ZB I've never seen a gap not get filled. This goes for anything from the 5-minute chart to the effect of the roll. So after watching this phenomenon many times from the sidelines I finally decided to jump in. It felt uncomfortable as hell going long ZB at these levels but I did so last night and woke up this morning to find my target hit. Below is the screen shot of my email confirmations, net of $777. Looks like we're in a range until broken so I'll continue to short near 146 and go long near 140. We've still got three weeks to go but I'm short the 485/490 APPL call spread which will be a loss of about -$1300. Other than that I've just got about four small $500 max risk/reward spread trades I'm playing with.

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