@tagomaSorry, I meant "This keeps me wondering why they do that at the moment?" (corrected it at my original post now).Oil is in backwardation, gas (henry-hub) actually has several humbs in the term-structure. Although compared to historical calender spreads those seem to be rather low.QuoteMaybe the volatility in calendar spreads is down because the storage providers are making money?Ok, that might be the case. Still, it does not explain why people keep on investing into those assets if volatility is already down. Maybe, as you suggested, the alternatives are too scarce at the moment.Bestobs
Last edited by observer84
on May 5th, 2014, 10:00 pm, edited 1 time in total.