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re: BOIL has become predictable

Posted on 9/24/14 at 2:16 pm to
Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 9/24/14 at 2:16 pm to
quote:

Your $21 UNG puts are looking really god if the report comes out as projected. My $20.50's are looking riskier



I haven't bought them yet...I was trying to buy them yesterday at .20, kept raising my limit to.25, then quit, always a penny or 2 behind...they went to .40 or so, now down to .15

I'm concerned the market is rallying in advance of the injection numbers thinking someone knows the number will be lower than expected.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10243 posts
Posted on 9/24/14 at 2:41 pm to
^

That's part of the fun. On the injection reports I might lose tomorrow. You're right. Having said this, I've been using First Energy Financial's injection estimates, and I have been batting about .700, so I'm betting 89 on the low end, and possibly between 91-94 brings my 20.50 profitable.

At close yesterday they were up to .18, and you see where I bought them at.

If not, I'll play 10 more times and hope my average holds out.

All the time I'm doing this I'm long natty gas. These are just weekly injection plays with short term, low priced puts and calls.
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