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re: BOIL has become predictable

Posted on 1/12/15 at 12:14 pm to
Posted by southernelite
Dallas
Member since Sep 2009
53179 posts
Posted on 1/12/15 at 12:14 pm to
Think I may hope for a small bump in UGAZ on Thursday report, then bail.
Posted by Crbello4Hiceman
Lurking
Member since May 2011
502 posts
Posted on 1/13/15 at 8:45 am to
Do we have any consensus from any other folks with alot of skin in the game? Do we have a change supply could slow down since everyone is starting to slow production? These prices have to be forcing production to drop, which would give us a little price support, right? Or am I just a hopeless optimist?
Posted by Louie T
htx
Member since Dec 2006
36321 posts
Posted on 1/13/15 at 8:58 am to
Thursday's NG report may be your last glimmer of hope for a while. I don't think it'll be an beneficial as once thought either; cold weather was short lived.

ETA: not an expert & don't have much skin in the game.
This post was edited on 1/13/15 at 9:01 am
Posted by jlu03
San Diego
Member since Jul 2012
3321 posts
Posted on 1/13/15 at 2:03 pm to
I have to disagree. From what I saw last week this number should be near a record draw.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10234 posts
Posted on 1/13/15 at 4:57 pm to
I have skin in the game, and I'm going to lose my arse on the winter bull trade.
I managed to dump 13 of the Jan 21 UNG calls. The rest, and I own a lot, will likely expire worthless Friday.

On the whole, natty gas has been profitable, but not this particular cycle.

Others that post frequently in the MT never seem to never lose money, maybe we should all take advice from them? Me? I lose sometimes.

Frankly 2014 has been my worst trading year in a long, long time.

I should add I don't like losing money, but I'm prepared to lose, and when I do, it's not the end of the world for me.
This post was edited on 1/13/15 at 4:58 pm
Posted by Crbello4Hiceman
Lurking
Member since May 2011
502 posts
Posted on 1/13/15 at 5:23 pm to
I definitely respect your input. That said, do you see any prospects for a ride up in UGAZ over the next few months or is this Friday potentially it?
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/13/15 at 5:29 pm to
Well. Looks like in gonna sell for a big hit :(
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10234 posts
Posted on 1/13/15 at 5:54 pm to
If you own UGAZ shares, why not just keep it and wait for it to recover?

I bought UNG. I'm just going to hold it. Everything else was future's contracts and options, and options on UNG. I can't hold these as they expire.

It is what it is. UNG will recover. So will UGAZ. When? Likely not anytime real soon.
Posted by jlu03
San Diego
Member since Jul 2012
3321 posts
Posted on 1/13/15 at 6:25 pm to

I think we see a quick spike when the number is announced on Thursday. Planning on buying puts 2 weeks to expiration during the spike and "hope" I can makeup some losses I took on UGAZ.

MT Thoughts?
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/13/15 at 7:10 pm to
What about decay
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10234 posts
Posted on 1/13/15 at 7:22 pm to
Buy cheap puts during tomorrow's uptick seems reasonable to me. But then again if we get -215, which I suspect is possible, it might not be as large of an uptick because of the yty comparison.

5 yr avg is for this week's report is -190, and last year was -268.
Posted by sneakytiger
Member since Oct 2007
2474 posts
Posted on 1/13/15 at 10:49 pm to
Decay works both ways, NG will recover and when it does ugaz is a loaded gun

Eta: as long as the fund stays solvent
This post was edited on 1/13/15 at 10:50 pm
Posted by jlu03
San Diego
Member since Jul 2012
3321 posts
Posted on 1/14/15 at 6:21 am to
Please keep this pace UGAZ. Up 13% in the pre.
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12578 posts
Posted on 1/14/15 at 8:20 am to
A big withdraw could be a good opportunity to lighten my losses with not so big losses.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/14/15 at 8:57 am to
Oh yea!
Posted by Crbello4Hiceman
Lurking
Member since May 2011
502 posts
Posted on 1/14/15 at 9:35 am to
I'm still nervous- are we back in bull territory or is this and tomorrow the last gasp? haha. I'm so clueless.
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12578 posts
Posted on 1/14/15 at 9:37 am to
the way the reports have been received, I doubt its a good day tomorrow for us.. but I'm a pessimist on NG right now.. I hope I am DEAD wrong. if we have a green day tomorrow in WTI and S&P, I think we'll see the bull go on. Just my 1 cent.. cause its not worth 2 cents..
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12578 posts
Posted on 1/14/15 at 11:21 am to
UNG almost up 9%.. Lets geaux baby!!
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/14/15 at 12:51 pm to
Ugaz up 25%. Nice

30
This post was edited on 1/14/15 at 1:22 pm
Posted by jlu03
San Diego
Member since Jul 2012
3321 posts
Posted on 1/14/15 at 2:23 pm to
PANTS: [OFF] ON
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