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re: BOIL has become predictable

Posted on 5/1/14 at 10:36 am to
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 5/1/14 at 10:36 am to
Increase of 82 is what I glanced at briefly.

Cash (NGY00) 4.811s -0.016
Jun '14 (NGM14) 4.727 -0.088
Jul '14 (NGN14) 4.759 -0.084
Aug '14 (NGQ14) 4.755 -0.083
Sep '14 (NGU14) 4.730 -0.083
Oct '14 (NGV14) 4.734 -0.084
This post was edited on 5/1/14 at 10:39 am
Posted by L S Usetheforce
Member since Jun 2004
22745 posts
Posted on 5/1/14 at 4:26 pm to
Those are put prices? or futures?

I repeat next injection will cross the 1000 bcf mark in storage and then I really can't wait to test our producing capabilities.

I'm guessing in June we will be dumping 200 bcf per week.

This post was edited on 5/1/14 at 4:27 pm
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 5/1/14 at 4:33 pm to
cash contracts and futures pricing when I last checked.

as of 4:40 CST:
Cash - 4.827
Jun '14 (NGM14) 4.732 -0.083
Jul '14 (NGN14) 4.762 -0.081
Aug '14 (NGQ14) 4.757 -0.081
Sep '14 (NGU14) 4.734 -0.079
Oct '14 (NGV14) 4.740 -0.078 /
Nov '14 (NGX14) 4.771 -0.084

the futures prices have to move towards the cash price. it will start to get very volatile soon.
This post was edited on 5/1/14 at 4:39 pm
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 5/1/14 at 8:22 pm to
Cash is down to $4.715, June is down to $4.717 and July is at $4.749.

Really low volume all the way to September. I'm drilling down in to the volume to see if it reset when the market reopened this evening. I sold contracts and will likely buy back here shortly at modest, if not small, gains.

Is it starting? Is it already started? I don't know. shite, I don't know much most days, I just keep plugging along.
This post was edited on 5/1/14 at 8:25 pm
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 5/2/14 at 9:28 am to
Like a Mexican jumping bean.
Posted by rintintin
Life is Life
Member since Nov 2008
16155 posts
Posted on 5/2/14 at 10:04 am to
LINK

Can someone smarter than me please explain how this will affect these ETF's? Is this a bad thing? Good thing? Won't make a difference?
Posted by Broke
AKA Buttercup
Member since Sep 2006
65042 posts
Posted on 5/2/14 at 10:27 am to
Why does this shite stock garner so much attention from the MB?
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 5/2/14 at 11:23 am to
quote:

Can someone smarter than me please explain how this will affect these ETF's? Is this a bad thing? Good thing? Won't make a difference?


There will be a disconnect between the trading value and net assets value. It might be an opportunity to go short. It is an opportunity for institution investors to redeem at gains.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 5/2/14 at 11:24 am to
quote:

Why does this shite stock garner so much attention from the MB?


I have it shorted. It garners my attention because I have a huge short bet on UNG, not BOIL.
Posted by L S Usetheforce
Member since Jun 2004
22745 posts
Posted on 5/2/14 at 11:28 am to
I think this means it's good for kold and ung shorts
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 5/2/14 at 4:58 pm to
It won't impact UNG. It will impact BOIL. BOIL will soon be trading at either a disconnected premium discount or premium.

Where the real money will be made is bu those unit holders that have rights of redemption if it trades a premium discounts.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 5/2/14 at 5:05 pm to
Double negative above.

But what is worth a bit of explanation is wht an open ended ETF or ETN suspends new creation of units or shares. One reason is inability to get underlying securities. Natty gas futures have been trading very light.

This should be very good news to KOLD shorts. It could go either way, but it is already trading at a premium.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 5/2/14 at 7:52 pm to
Regulatory issue. It will corrected in a week or so. There will be some volatility for those that like to trade that. It will likely push shares prices above NAV. When they start to issue new shares it will give larger players the opportunity to correct the pricing, and again, it should move violently to correct. Depending on how big a premium gets developed in the next few days while they work out their paperwork issue.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 5/2/14 at 7:55 pm to
Here is where we stand until Sunday night:

Cash 4.715
Jun '14 (NGM14) 4.674s
Jul '14 (NGN14) 4.704s
Aug '14 (NGQ14) 4.701s
Sep '14 (NGU14) 4.679s
Oct '14 (NGV14) 4.687s
Nov '14 (NGX14) 4.725s

Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 5/5/14 at 6:03 am to
Cash $4.67 -.045
Jun '14 (NGM14) 4.663 -0.011
Jul '14 (NGN14) 4.689 -0.015
Aug '14 (NGQ14) 4.691 -0.010
Sep '14 (NGU14) 4.674 -0.005
Oct '14 (NGV14) 4.670 -0.017
Nov '14 (NGX14) 4.725s -0.041
Dec '14 (NGZ14) 4.903 +0.074
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 5/6/14 at 4:14 pm to
I sold 10 more July contracts today.

Any thoughts on tomorrow's report about last week's injections?
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 5/6/14 at 9:31 pm to
Forward months contracts ticking down just a bit.

I am now so short, I'm shorter than short could ever be short.

Pump gas baby.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 5/7/14 at 7:42 am to
Ticking back up. It appears to be another day with opportunity to load up on shorts. Yesterday UNG July $23 puts were going for .25.
Posted by rintintin
Life is Life
Member since Nov 2008
16155 posts
Posted on 5/7/14 at 8:05 am to
What day do they report injections for the week?
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 5/7/14 at 8:29 am to
Thursday. Ticking back down again. It's going to be a wild ride I think for a while.
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