The Long Chicago/ Short ATL HDD spread that we put on at the beginning of the season on the Weathermage education platform is doing well. Remember that we put this spread on based on the La Nina forecasted for this heating season.
Combined position so far is up over 700 credits.
It is interesting to see on the individual city panels how Chicago really made up its HDD count during the cold but did not lose much in the subsequent warmup. ATL however, did not even come back to averages, and then lost HDDs again.
The NWS forecasts a warmup in the East in the next two weeks. This spread may continue to perform as ATL is still forecasted to be warmer than Chicago relatively. There's still 3 months left in the season so a lot can still happen. We'll hold onto this spread for now, and I'll update again in a month or so.