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re: BOIL has become predictable

Posted on 7/2/15 at 1:11 pm to
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10232 posts
Posted on 7/2/15 at 1:11 pm to
Buy yourself some deep in the money Jan 2017 UNG calls. Wait for a dip. Forget it. At some point sell to close for a gain. In the money leaps right now, even after today's small run up aren't fetching a lot of premium.

It's a trade. It's a trade based on some decent fundamentals. It's low risk. It stands a chance for a very good return, and maximum possible loss. It's not something you'd need to watch every day. It's not sexy. It's not flashy.

Are you in it to win it? Give yourself a chance at a decent return and limited loss. The limited loss is known to everyone. Not like setting a stop loss on these etfs and etns, where every market maker can see it, and will rip your head off given the chance.

Just a suggestion. All I'm saying is that if you don't know how to read at least level 2, and you aren't a technical guy, you're likely to lose day trading this stuff in the long run. And day trading is work. It is a job.
Posted by jlu03
San Diego
Member since Jul 2012
3321 posts
Posted on 7/2/15 at 1:16 pm to
There is still time... Get in now and put a sell limit @ $6.
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7150 posts
Posted on 7/2/15 at 1:40 pm to
quote:

Buy yourself some deep in the money Jan 2017 UNG calls. Wait for a dip. Forget it. At some point sell to close for a gain. In the money leaps right now, even after today's small run up aren't fetching a lot of premium.


this is way over my head
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7150 posts
Posted on 7/2/15 at 1:41 pm to
quote:

There is still time... Get in now and put a sell limit @ $6.


I might do this, I just dont like the idea of holding over the long weekend
Posted by Grits N Shrimp
Kansas City, MO
Member since Dec 2014
646 posts
Posted on 7/2/15 at 2:06 pm to
quote:

this is way over my head


Pretty sure he's saying Jan 2017 UNG calls are really cheap right now.
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7150 posts
Posted on 7/6/15 at 11:11 am to
Just bought some UWTI at 2.49, lets hope for a rebound in the next day or two
Posted by jlu03
San Diego
Member since Jul 2012
3321 posts
Posted on 7/6/15 at 11:25 am to
Sold my DGAZ position for a 10% gain. This shite is starting to become predictable again.
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7150 posts
Posted on 7/6/15 at 1:17 pm to
just doubled up on my UWTI position. Average cost now is 2.39
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7150 posts
Posted on 7/6/15 at 2:09 pm to
Okay, I'm tripled down now at 2.33

let's roll them dice

Posted by jlu03
San Diego
Member since Jul 2012
3321 posts
Posted on 7/6/15 at 2:15 pm to
quote:

I'm tripled down now


That escalated quickly!!
Posted by Cosmo
glassman's guest house
Member since Oct 2003
120416 posts
Posted on 7/6/15 at 9:04 pm to
What the hell, ill drop 5k on this and see what happens
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10232 posts
Posted on 7/6/15 at 10:08 pm to
Don't do this right now. Or go ahead and do what you wish, but I'd suggest you put your $5K elsewhere. Natty gas is a trade, and it's awfully choppy right now. Wait for the trade to develop, or go long leaps either direction on rises and drops.
Posted by jlu03
San Diego
Member since Jul 2012
3321 posts
Posted on 7/7/15 at 6:15 am to
Wall Street consensus is saying there is support for crude in the upper 40s. Not too much further to fall. I'll be in soon.
Posted by sneakytiger
Member since Oct 2007
2474 posts
Posted on 7/7/15 at 9:04 am to
Golfer, do any of the Jan 16 UNG calls look enticing to you?
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10232 posts
Posted on 7/7/15 at 9:35 am to
I'd watch 1/17 $10 calls, and 1/16 $11 calls. That's today.
Posted by jlu03
San Diego
Member since Jul 2012
3321 posts
Posted on 7/7/15 at 10:46 am to
In UWTI @ 2.10. 3000 shares
Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 7/7/15 at 11:10 am to
in UGAZ @ 1.86

will get out by end of day latest

let's roll!

ETA: out at 1.92
This post was edited on 7/7/15 at 4:46 pm
Posted by SoFresh
New Orleans
Member since May 2010
3068 posts
Posted on 7/9/15 at 8:42 am to
Bump.

UWTI up 8% so far this morning to around 2.30 and UGAZ is currently flat at 1.85. Anybody looking at trading these today? Lots of uncertainty out there.

Posted by jlu03
San Diego
Member since Jul 2012
3321 posts
Posted on 7/9/15 at 9:03 am to
Just sold my UWTI for 9% gain. Looking at UGAZ now but may wait until report comes out at 9:30.
Posted by SoFresh
New Orleans
Member since May 2010
3068 posts
Posted on 7/9/15 at 9:13 am to
Looks like a nice sell as UWTI is heading back down again.

Which report are you talking about?

ETA: Nevermind. Found the natural gas report.
This post was edited on 7/9/15 at 9:54 am
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