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re: BOIL has become predictable

Posted on 5/18/16 at 7:33 pm to
Posted by sneakytiger
Member since Oct 2007
2472 posts
Posted on 5/18/16 at 7:33 pm to
Holy shite I haven't looked at UGAZ in months... can't believe it split again. I think every broker should be required to show these two charts before a retail investor buys a leveraged etf/etn.



Posted by TigerDeBaiter
Member since Dec 2010
10266 posts
Posted on 5/18/16 at 9:12 pm to
That's the nature of 3x ETFs.

Mathematically headed to ZERO. Decay is not your friend. These are not meant to be held.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 6/2/16 at 5:11 pm to
I've been trading a bit of natty gas lately. Long monthly option on UNG.

If you've been following the news, production was at a historical ow level recently, and the weather has turned hot.

I also went long May 2018 at about $2.41. Bought the contracts outright as I did the oil contracts in the other thread. They're already gone a at modest gain.

The widow maker. I don't hang on too long in the futures side.

Just speculative trades, based partly on fundamentals.

I still don't know if it goes lower, or how low. I am convinced that this thing when it turns has a lot of potential.

I'm watching import/export, rig count, production, cash settlements, basically all the usual stuff.

I wish it would go back to when it was predictable.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 6/6/16 at 7:10 pm to
I'm getting closer to go long for this winter. I'll post it here so whatever happens, it's on the record.

I do have some synthetic longs on UNG.

I suspect we get a run up, no where near the last (tremendous) bull run, but some sort of run, more largely driven this time by weather. But there have also been the beginnings of some supply/production slow down, so who really knows?

Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 6/20/16 at 3:31 pm to
Rolling blackouts in california are possible. Brings back memories of Enron. I think the mad post pinner has pinned this post anyway. Ah well, it goes like it goes.
Posted by sneakytiger
Member since Oct 2007
2472 posts
Posted on 8/5/16 at 9:07 am to
6 bcf DRAW out of storage this week.
Posted by Hoodatt
Member since Feb 2005
2599 posts
Posted on 10/14/16 at 10:35 pm to
BUMP

I see that BOIL is above $18.

L S Usetheforce or Iowa Golfer, or anyone else with any comments.

Thanks
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 12/7/16 at 4:17 pm to
I don't watch BOIL, I watch UNG. It seems to be getting interesting again. I put an call option play on UNG under $7. It's not a large play and haven't taken any profit yet. It's mostly based in weather at this point, but some supply/demand fundamentals.
Posted by L S Usetheforce
Member since Jun 2004
22763 posts
Posted on 12/7/16 at 5:09 pm to
I pulled out of natural gas after my initial 50k profit was reduced to 25k in like 2 weeks......

Haven't kept up with the day to day aspects since.....When I started this thread natural gas was predicatable in terms of production and demand......

Since the collapse it is a deluge of glut and cheap.

However when arctic blast occur there was always a significant bump due to demand vs intake.....I assume tomorrow's blast will eat into the reserves or the futures guys are pricing it in.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 12/21/16 at 1:57 pm to
Enough of this long natural gas trade was closed to day to guaranty a realized gain.
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12577 posts
Posted on 12/21/16 at 8:16 pm to
I did mine last week. Made a few small dollars. Good trade.
Posted by bayoubengals88
LA
Member since Sep 2007
18919 posts
Posted on 1/3/17 at 3:02 pm to
UNG down 11% today
D and UGAZ of course moved over 30%

Inventories are finally off all time highs. Why has UNG fallen so far? Uncharacteristic move for a non leveraged etn...
Posted by sneakytiger
Member since Oct 2007
2472 posts
Posted on 1/3/17 at 5:09 pm to
Look at the chart for February nymex futures
Posted by Sgt_Lincoln_Osiris
Baton Rouge
Member since Dec 2014
1077 posts
Posted on 11/14/18 at 3:55 pm to
quote:

However when arctic blast occur there was always a significant bump due to demand vs intake




Yee-Yee
Posted by L S Usetheforce
Member since Jun 2004
22763 posts
Posted on 11/14/18 at 9:10 pm to
It’s hilarious that you could have made 200% on a commodity trade since Monday??
Posted by stuntman
Florida
Member since Jan 2013
9099 posts
Posted on 11/14/18 at 9:10 pm to
Posted by L S Usetheforce
Member since Jun 2004
22763 posts
Posted on 11/15/18 at 11:29 am to
You could have shorted price today and made another 53%
Posted by L S Usetheforce
Member since Jun 2004
22763 posts
Posted on 11/15/18 at 12:07 pm to
I’ve been doing some investigating and despite record production the storages are at 15 year lows...

There could be some big money this winter in the etfs on the storage estimates vs actual. Those Thursday releases were always fun. Especially during artic blast weeks

This post was edited on 11/15/18 at 12:08 pm
Posted by CajunTiger92
Member since Dec 2007
2821 posts
Posted on 4/20/20 at 2:41 pm to
Oil May contracts turn negative, down -278% in a day and BOIL is up 15%. Predictable indeed.
Posted by Stastny
Member since Jul 2014
646 posts
Posted on 4/21/20 at 8:48 am to
Should have bought BOIL yesterday. Up 10x
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