It is up to the individual trader’s risk appetite with regards to holding overnight, clearly I do and if necessary will continue. Never heard of getting kicked off the program unless the account holder consistently mismanaged their margin leverage.

.5-1% to start. If it moves higher by $2-$3 I would Place another layer, slightly larger. Then I wait for another $4-$5 move higher and add another layer. So on and so forth. Larger moves higher, slightly larger additions along the way. But in 2019 we’ve indicated we would hold smaller exposure and employ more trading than core building.

I’m not sure who you spoke with but whomever suggested that was in error. In fact it defies the prospectus of the instrument. What an account holder does need to do in order to participate in shorting certain instruments is make sure they apply to the HBT program.