[The following is my Markets commentary for the week of December 1, 2014, Issue 4.53]   I thought we would drift higher last week going into month-end, and we did.  However, I’m very surprised that we flattened as much as we did, and curvature around EDZ5 went higher on the rally.  You would expect a rolldown trade to perform on a noticeable rally.  It didn’t help our cause that someone decided to sell 100K Z5 on Wednesday in thin holiday markets.  It looked to be some type of unwind, as the OI narrowed 38K.  This leads me to my market…

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