BOIL has become predictable - Page 8 - TigerDroppings.com

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jlu03
LSU Fan
Thibodaux
Member since Jul 2012
357 posts

re: BOIL has become predictable


I picked up DGAZ last week. I think Nat Gas has topped out so the swing should happen soon. Then again maybe I am missing something also.





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Iowa Golfer
Iowa Fan
Heaven
Member since Dec 2013
1267 posts
 Online 

re: BOIL has become predictable


May futures trending down. I'm not sure it started for real yet, but it sure does seem headed down fairly soon.





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Iowa Golfer
Iowa Fan
Heaven
Member since Dec 2013
1267 posts
 Online 

re: BOIL has become predictable


My July 23 UNG Puts are almost worth what I paid for them averaged down cost.

If NG goes as I anticipate, this is going to be a huge winner for me.






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L S Usetheforce
New Orleans Saints Fan
College Station
Member since Jun 2004
16224 posts

re: BOIL has become predictable


I have 2000 shares of Kold at 36.50 feeling is mutual.....





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jlu03
LSU Fan
Thibodaux
Member since Jul 2012
357 posts

re: BOIL has become predictable


Picked up July 22 contracts this morning. Hoping for a nice downturn in the upcoming months.





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Iowa Golfer
Iowa Fan
Heaven
Member since Dec 2013
1267 posts
 Online 

re: BOIL has become predictable


quote:

Picked up July 22 contracts this morning. Hoping for a nice downturn in the upcoming months.


Can you clarify for me? You sold July futures? You bought July puts? If you bought puts, what did you buy them on, futures contracts, or tracking fund. I'm assuming UNG? Curious here.






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jlu03
LSU Fan
Thibodaux
Member since Jul 2012
357 posts

re: BOIL has become predictable


Bought July 22 puts for UNG.

Also, have stock in DGAZ right now. The downturn in Nat Gas is coming.



This post was edited on 3/13 at 10:49 am


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Iowa Golfer
Iowa Fan
Heaven
Member since Dec 2013
1267 posts
 Online 

re: BOIL has become predictable


quote:

Bought July 22 puts for UNG.


That's my play also. I considered selling futures contracts, but I think there will be volatility, so I didn't go that route.






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sneakytiger
LSU Fan
Member since Oct 2007
1060 posts

re: BOIL has become predictable


Kicking myself for not getting my 23's averaged down more, but this is the only trade in my portfolio right now... was beginning to doubt myself.





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Iowa Golfer
Iowa Fan
Heaven
Member since Dec 2013
1267 posts
 Online 

re: BOIL has become predictable


I'm in 24 at under a buck, and in 20 at under .50.

I haven't done a technical analysis on the chart, but I think 18 is very possible this summer.






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jlu03
LSU Fan
Thibodaux
Member since Jul 2012
357 posts

re: BOIL has become predictable


DGAZ looking solid today... +8%





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Iowa Golfer
Iowa Fan
Heaven
Member since Dec 2013
1267 posts
 Online 

re: BOIL has become predictable


Those July 22 Puts on UNG still seem incredibly cheap to me.





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5 Deep
USA Fan
Houston
Member since Jul 2010
753 posts

re: BOIL has become predictable


Let me preface this by saying that I am extremely ignorant on this subject and I'm looking for someone to point me in the right direction:

Whith all this Russia, Crimea, Ukraine, sanctions, etc what do y'all think is going to happen to NG? Doesn't Europe depend on Russian NG? Will we see any repercussions here in the US?






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Iowa Golfer
Iowa Fan
Heaven
Member since Dec 2013
1267 posts
 Online 

re: BOIL has become predictable


Generally these volatility spikes are violent, but short lived. Fundamentals eventually return to the market. Eventually.





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TigerBite
LSU Fan
Dallas
Member since Feb 2004
1909 posts
 Online 

re: BOIL has become predictable


quote:

Whith all this Russia, Crimea, Ukraine, sanctions, etc what do y'all think is going to happen to NG?


Russia needs to sell their gas, so it's twofold.

Domestically, nothing in the short-term. I guess you could see a very slight shift out in the curve due to LNG exports, but there's plenty of time to fix issues. Storage, early summer forecasts, and drilling response will have a far greater impact on domestic NG....IMO






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Iowa Golfer
Iowa Fan
Heaven
Member since Dec 2013
1267 posts
 Online 

re: BOIL has become predictable


Proceeding as expected. Even when natty gas recovers, the pricing on my puts firms up and doesn't come down as much. I am almost break even on July 23 puts today.





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rintintin
New Orleans Saints Fan
Life is Life
Member since Nov 2008
7494 posts

re: BOIL has become predictable


I'm liking what I'm seeing the past few days. These next couple weeks could have some big moves.





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TigeRoots
New Orleans Saints Fan
Member since Oct 2008
3544 posts

re: BOIL has become predictable


DGAZ and KOLD performing well this week. Hopefully Spring is truly here.





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Iowa Golfer
Iowa Fan
Heaven
Member since Dec 2013
1267 posts
 Online 

re: BOIL has become predictable


July 20 UNG Puts for .27. Something tells me the longs on this are pigs, and the pigs are gonna get slaughtered.





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rintintin
New Orleans Saints Fan
Life is Life
Member since Nov 2008
7494 posts

re: BOIL has become predictable


U.S. lawmakers to weigh speeding up LNG exports to help Europe, Ukraine

So what do all the NG shorters think of this? NG just saw a small spike this morning.






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