BOIL has become predictable - Page 13 - TigerDroppings.com

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Iowa Golfer
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re: BOIL has become predictable


Increase of 82 is what I glanced at briefly.

Cash (NGY00) 4.811s -0.016
Jun '14 (NGM14) 4.727 -0.088
Jul '14 (NGN14) 4.759 -0.084
Aug '14 (NGQ14) 4.755 -0.083
Sep '14 (NGU14) 4.730 -0.083
Oct '14 (NGV14) 4.734 -0.084



This post was edited on 5/1 at 10:39 am


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L S Usetheforce
New Orleans Saints Fan
College Station
Member since Jun 2004
16250 posts

re: BOIL has become predictable


Those are put prices? or futures?

I repeat next injection will cross the 1000 bcf mark in storage and then I really can't wait to test our producing capabilities.

I'm guessing in June we will be dumping 200 bcf per week.




This post was edited on 5/1 at 4:27 pm


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Iowa Golfer
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re: BOIL has become predictable


cash contracts and futures pricing when I last checked.

as of 4:40 CST:
Cash - 4.827
Jun '14 (NGM14) 4.732 -0.083
Jul '14 (NGN14) 4.762 -0.081
Aug '14 (NGQ14) 4.757 -0.081
Sep '14 (NGU14) 4.734 -0.079
Oct '14 (NGV14) 4.740 -0.078 /
Nov '14 (NGX14) 4.771 -0.084

the futures prices have to move towards the cash price. it will start to get very volatile soon.



This post was edited on 5/1 at 4:39 pm


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Iowa Golfer
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re: BOIL has become predictable


Cash is down to $4.715, June is down to $4.717 and July is at $4.749.

Really low volume all the way to September. I'm drilling down in to the volume to see if it reset when the market reopened this evening. I sold contracts and will likely buy back here shortly at modest, if not small, gains.

Is it starting? Is it already started? I don't know. Shit, I don't know much most days, I just keep plugging along.



This post was edited on 5/1 at 8:25 pm


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Iowa Golfer
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re: BOIL has become predictable


Like a Mexican jumping bean.





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rintintin
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re: BOIL has become predictable


LINK

Can someone smarter than me please explain how this will affect these ETF's? Is this a bad thing? Good thing? Won't make a difference?






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Broke
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re: BOIL has become predictable


Why does this shite stock garner so much attention from the MB?





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Iowa Golfer
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re: BOIL has become predictable


quote:

Can someone smarter than me please explain how this will affect these ETF's? Is this a bad thing? Good thing? Won't make a difference?


There will be a disconnect between the trading value and net assets value. It might be an opportunity to go short. It is an opportunity for institution investors to redeem at gains.






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Iowa Golfer
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re: BOIL has become predictable


quote:

Why does this shite stock garner so much attention from the MB?


I have it shorted. It garners my attention because I have a huge short bet on UNG, not BOIL.






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L S Usetheforce
New Orleans Saints Fan
College Station
Member since Jun 2004
16250 posts

re: BOIL has become predictable


I think this means it's good for kold and ung shorts





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Iowa Golfer
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re: BOIL has become predictable


It won't impact UNG. It will impact BOIL. BOIL will soon be trading at either a disconnected premium discount or premium.

Where the real money will be made is bu those unit holders that have rights of redemption if it trades a premium discounts.






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Iowa Golfer
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re: BOIL has become predictable


Double negative above.

But what is worth a bit of explanation is wht an open ended ETF or ETN suspends new creation of units or shares. One reason is inability to get underlying securities. Natty gas futures have been trading very light.

This should be very good news to KOLD shorts. It could go either way, but it is already trading at a premium.






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Iowa Golfer
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re: BOIL has become predictable


Regulatory issue. It will corrected in a week or so. There will be some volatility for those that like to trade that. It will likely push shares prices above NAV. When they start to issue new shares it will give larger players the opportunity to correct the pricing, and again, it should move violently to correct. Depending on how big a premium gets developed in the next few days while they work out their paperwork issue.





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Iowa Golfer
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re: BOIL has become predictable


Here is where we stand until Sunday night:

Cash 4.715
Jun '14 (NGM14) 4.674s
Jul '14 (NGN14) 4.704s
Aug '14 (NGQ14) 4.701s
Sep '14 (NGU14) 4.679s
Oct '14 (NGV14) 4.687s
Nov '14 (NGX14) 4.725s







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Iowa Golfer
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re: BOIL has become predictable


Cash $4.67 -.045
Jun '14 (NGM14) 4.663 -0.011
Jul '14 (NGN14) 4.689 -0.015
Aug '14 (NGQ14) 4.691 -0.010
Sep '14 (NGU14) 4.674 -0.005
Oct '14 (NGV14) 4.670 -0.017
Nov '14 (NGX14) 4.725s -0.041
Dec '14 (NGZ14) 4.903 +0.074






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Iowa Golfer
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re: BOIL has become predictable


I sold 10 more July contracts today.

Any thoughts on tomorrow's report about last week's injections?






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Iowa Golfer
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re: BOIL has become predictable


Forward months contracts ticking down just a bit.

I am now so short, I'm shorter than short could ever be short.

Pump gas baby.






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Iowa Golfer
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re: BOIL has become predictable


Ticking back up. It appears to be another day with opportunity to load up on shorts. Yesterday UNG July $23 puts were going for .25.





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rintintin
New Orleans Saints Fan
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re: BOIL has become predictable


What day do they report injections for the week?





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Iowa Golfer
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re: BOIL has become predictable


Thursday. Ticking back down again. It's going to be a wild ride I think for a while.





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