Futures / LEAPS spread?

Discussion in 'Financial Futures' started by SoCalOptionsWriter, Aug 23, 2023.

  1. Every morning my broker (IB) flashed on my screen just before the open what the Futures Leaps spread is. Two contracts versus two LEAPS. What does this spread mean? It was -9 this morning, I think. Why two contracts of each? ITM? How far out are the LEAPS? Any other info?