In today's episode of Futures Measures, Pete tackles the concept of intra-market spreads.
He starts by clarifying the difference between an intra-market (one underlying, different months) and an inter-market spread (different underlings).
Pete goes onto explain the meaning of, pricing, quotation, and tick values of futures calendar spreads and how traders can better understand them.
He also explains the benefits of trading futures spreads, as well as how they profit.
Pete wraps up the segment explaining contango and backwardation as they relate to intra-market spreads.