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re: BOIL has become predictable
Posted on 5/22/23 at 1:54 pm to L S Usetheforce
Posted on 5/22/23 at 1:54 pm to L S Usetheforce
I shorted UNG (long put) when the news sensationalized what was to be record high prices. I watched the five year gas in storage averages come back from 25% below five year averages, to almost 18% above five year averages today. I still haven't completely exited the UNG long put position. Needless to say, the trade was conservative, and tremendously profitable.
I'm not a fan of BOIL due to its composition and reasons I've gone into several years ago in this thread.
I didn't realize this thread had resurrected itself.
At some point I do think long natural gas will be a good trade / investment. I can't imagine that time is right now though. Whenever that time comes I'll make a conservative long play. Conservative being a derivative, not buy, hold and get slaughtered.
I'm not a fan of BOIL due to its composition and reasons I've gone into several years ago in this thread.
I didn't realize this thread had resurrected itself.
At some point I do think long natural gas will be a good trade / investment. I can't imagine that time is right now though. Whenever that time comes I'll make a conservative long play. Conservative being a derivative, not buy, hold and get slaughtered.
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