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re: BOIL has become predictable
Posted on 5/18/16 at 7:33 pm to Grits N Shrimp
Posted on 5/18/16 at 7:33 pm to Grits N Shrimp
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 on 5/18/16 at 9:12 pm to sneakytiger
That's the nature of 3x ETFs.
Mathematically headed to ZERO. Decay is not your friend. These are not meant to be held.
Mathematically headed to ZERO. Decay is not your friend. These are not meant to be held.
Posted on 6/2/16 at 5:11 pm to TigerDeBaiter
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.
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 on 6/6/16 at 7:10 pm to Iowa Golfer
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?
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 on 6/20/16 at 3:31 pm to Iowa Golfer
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 on 8/5/16 at 9:07 am to Iowa Golfer
6 bcf DRAW out of storage this week.
Posted on 10/14/16 at 10:35 pm to Iowa Golfer
BUMP
I see that BOIL is above $18.
L S Usetheforce or Iowa Golfer, or anyone else with any comments.
Thanks
I see that BOIL is above $18.
L S Usetheforce or Iowa Golfer, or anyone else with any comments.
Thanks
Posted on 12/7/16 at 4:17 pm to Hoodatt
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 on 12/7/16 at 5:09 pm to Iowa Golfer
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.
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 on 12/21/16 at 1:57 pm to L S Usetheforce
Enough of this long natural gas trade was closed to day to guaranty a realized gain.
Posted on 12/21/16 at 8:16 pm to Iowa Golfer
I did mine last week. Made a few small dollars. Good trade.
Posted on 1/3/17 at 3:02 pm to b-rab2
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...
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 on 1/3/17 at 5:09 pm to bayoubengals88
Look at the chart for February nymex futures
Posted on 11/14/18 at 3:55 pm to L S Usetheforce
quote:
However when arctic blast occur there was always a significant bump due to demand vs intake
Yee-Yee
Posted on 11/14/18 at 9:10 pm to Sgt_Lincoln_Osiris
It’s hilarious that you could have made 200% on a commodity trade since Monday??
Posted on 11/15/18 at 11:29 am to stuntman
You could have shorted price today and made another 53%
Posted on 11/15/18 at 12:07 pm to L S Usetheforce
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
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 on 4/20/20 at 2:41 pm to L S Usetheforce
Oil May contracts turn negative, down -278% in a day and BOIL is up 15%. Predictable indeed.
Posted on 4/21/20 at 8:48 am to CajunTiger92
Should have bought BOIL yesterday. Up 10x
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