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Message
re: BOIL has become predictable
Posted on 2/28/14 at 9:41 am to Iowa Golfer
Posted on 2/28/14 at 9:41 am to Iowa Golfer
To answer my own question:
Posted on 2/28/14 at 5:23 pm to sneakytiger
UNG isn't done rolling yet, and one purpose of the swaps they own is to even things out a bit. There are usually a couple days every month the price of UNG is counter to the price of spot and the contracts. Spot is trading below April contracts currently.
Anyway, I took the opportunity presented today, and averaged down further on July 20/23 puts. I bought back the other side of the spread at a small profit some time ago. My reasoning is I don't want the spread limiting profit when and if things go south on natty gas.
Anyway, I took the opportunity presented today, and averaged down further on July 20/23 puts. I bought back the other side of the spread at a small profit some time ago. My reasoning is I don't want the spread limiting profit when and if things go south on natty gas.
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