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Started By
Message
re: BOIL has become predictable
Posted on 4/14/14 at 11:45 am to L S Usetheforce
Posted on 4/14/14 at 11:45 am to L S Usetheforce
What's the consensus here? Short July or October?
1
Posted on 4/14/14 at 3:09 pm to Iowa Golfer
I d go July still.
Posted on 4/14/14 at 4:40 pm to L S Usetheforce
Hope so. I bought more July puts today.
Posted on 4/14/14 at 6:07 pm to Iowa Golfer
quote:At what strike?
Hope so. I bought more July puts today.
Posted on 4/14/14 at 6:17 pm to Iowa Golfer
So when you buy the put for say 1$ /put, that means you are spending 100$ right?
Posted on 4/14/14 at 8:09 pm to GenesChin
I bought $23 puts.
Gene - You're correct. If you buy a call or a put, you are buying the right, but not the obligation to either buy or sell one hundreds shares. So in my case today, I bought the right to sell at $23, by July 19th expiry. Whatever I paid, which was about .50 IIRC, is multiplied by 100.
When you buy a put or call, the max you can lose is what you paid. And then only if you're fairly foolish as you can sell these at any time for either a gain, or a loss (stop loss).
Gene - You're correct. If you buy a call or a put, you are buying the right, but not the obligation to either buy or sell one hundreds shares. So in my case today, I bought the right to sell at $23, by July 19th expiry. Whatever I paid, which was about .50 IIRC, is multiplied by 100.
When you buy a put or call, the max you can lose is what you paid. And then only if you're fairly foolish as you can sell these at any time for either a gain, or a loss (stop loss).
Posted on 4/14/14 at 8:47 pm to Iowa Golfer
BOIL already owns Natural Gas Future 06/26/2014 (NGN4).
UNG is buying June on both ICE and NYMEX.
DGAZ, as much info as they release anyway, indicates 100% in June contracts.
The cash contracts are getting closer to outlying contracts.
It's starting to get interesting.
UNG is buying June on both ICE and NYMEX.
DGAZ, as much info as they release anyway, indicates 100% in June contracts.
The cash contracts are getting closer to outlying contracts.
It's starting to get interesting.
Posted on 4/15/14 at 12:08 am to Iowa Golfer
The only thing I wasn't clear on was if the put/call was multiplied by 100 (or for every share). Makes sense now but wasn't clear
Posted on 4/16/14 at 7:26 pm to GenesChin
Futures Main | Custom Quotes | Custom Charts
Natural Gas
Delayed Futures - 19:15 - Wednesday, April 16th
[ Go to Daily ] [ Options ] [ Profile ] (Click on Contract for Chart)
Contract Last Change Open High Low Volume Prev. Stl. Time Links
Cash (NGY00) 4.567s +0.007 0.000 4.567 4.567 0 4.560 04/15/14 Quote / Chart / Options / Opinions
May '14 (NGK14) 4.534 +0.004 4.532 4.535 4.527 49 4.530 19:09 Quote / Chart / Options / Opinions
Jun '14 (NGM14) 4.554 +0.005 4.550 4.554 4.545 23 4.549 19:09 Quote / Chart / Options / Opinions
Jul '14 (NGN14) 4.589s -0.036 4.623 4.660 4.584 14838 4.625 04/16/14 Quote / Chart / Options / Opinions
Aug '14 (NGQ14) 4.589s -0.035 4.597 4.656 4.584 5354 4.624 04/16/14 Quote / Chart / Options / Opinions
Sep '14 (NGU14) 4.568s -0.034 4.583 4.630 4.562 4145 4.602 04/16/14 Quote / Chart / Options / Opinions
Oct '14 (NGV14) 4.580s -0.032 4.585 4.647 4.576 5835 4.612 04/16/14 Quote / Chart / Options / Opinions
No
Natural Gas
Delayed Futures - 19:15 - Wednesday, April 16th
[ Go to Daily ] [ Options ] [ Profile ] (Click on Contract for Chart)
Contract Last Change Open High Low Volume Prev. Stl. Time Links
Cash (NGY00) 4.567s +0.007 0.000 4.567 4.567 0 4.560 04/15/14 Quote / Chart / Options / Opinions
May '14 (NGK14) 4.534 +0.004 4.532 4.535 4.527 49 4.530 19:09 Quote / Chart / Options / Opinions
Jun '14 (NGM14) 4.554 +0.005 4.550 4.554 4.545 23 4.549 19:09 Quote / Chart / Options / Opinions
Jul '14 (NGN14) 4.589s -0.036 4.623 4.660 4.584 14838 4.625 04/16/14 Quote / Chart / Options / Opinions
Aug '14 (NGQ14) 4.589s -0.035 4.597 4.656 4.584 5354 4.624 04/16/14 Quote / Chart / Options / Opinions
Sep '14 (NGU14) 4.568s -0.034 4.583 4.630 4.562 4145 4.602 04/16/14 Quote / Chart / Options / Opinions
Oct '14 (NGV14) 4.580s -0.032 4.585 4.647 4.576 5835 4.612 04/16/14 Quote / Chart / Options / Opinions
No
Posted on 4/16/14 at 7:27 pm to Iowa Golfer
Posted on 4/16/14 at 9:39 pm to Iowa Golfer
You are going to have to break that down for me in laymans...is this bad news or good news?
Posted on 4/16/14 at 10:44 pm to L S Usetheforce
I just listed the futures prices. The chart didn't come out formatted very well. The second link should take you to the page of today's holdings for UNG. They are already selling May as low as $4.53, and buying June at $4.545.
That eats in to their NAV. Cash contract is $4.53. The futures contracts always go up (contango) or down (backwardation) to match cash contracts the closer the contract gets to expiration.
Hopefully this is better:
Natural Gas
Delayed Futures - 22:29 - Wednesday, April 16th
Contract Last Change Low Volume Prev. Stl.
Cash (NGY00) 4.530s -0.037
May '14 (NGK14) 4.542 +0.012
Jun '14 (NGM14) 4.561 +0.012
Jul '14 (NGN14) 4.598 +0.009
Aug '14 (NGQ14) 4.599 +0.010
UNG Holdings and Pending Trades:
Security Quantity Price Market Value
Commodity Interests
Total Return Swaps* 140,612,931.85
NYMEX Natural Gas NG MAY14 886 4.530 $40,135,800.00
ICE Natural Gas LD1 H MAY14 19,937 4.530 $225,786,525.00
ICE Natural Gas LD1 H JUN14 19,936 4.549 $226,722,160.00
NYMEX Natural Gas NG JUN14 864 4.549 $39,303,360.00
US Treasurys
US T BILL ZCP 04/24/14 200,000,000 100.00 $199,996,986.10
Cash
US DOLLARS 429,304,480 1.00 $429,304,480.04
Pending Trades:
Pending Trades
as of 04/16/2014, subject to change
Shares Created/Redeemed 900,000
Security Action Quantity Price
NYMEX Natural Gas NG MAY14 Sell -318 4.530
ICE Natural Gas LD1 H MAY14 Sell -9,968 4.530
NYMEX Natural Gas NG JUN14 Buy 801 4.549
ICE Natural Gas LD1 H JUN14 Buy 9,968 4.550
That eats in to their NAV. Cash contract is $4.53. The futures contracts always go up (contango) or down (backwardation) to match cash contracts the closer the contract gets to expiration.
Hopefully this is better:
Natural Gas
Delayed Futures - 22:29 - Wednesday, April 16th
Contract Last Change Low Volume Prev. Stl.
Cash (NGY00) 4.530s -0.037
May '14 (NGK14) 4.542 +0.012
Jun '14 (NGM14) 4.561 +0.012
Jul '14 (NGN14) 4.598 +0.009
Aug '14 (NGQ14) 4.599 +0.010
UNG Holdings and Pending Trades:
Security Quantity Price Market Value
Commodity Interests
Total Return Swaps* 140,612,931.85
NYMEX Natural Gas NG MAY14 886 4.530 $40,135,800.00
ICE Natural Gas LD1 H MAY14 19,937 4.530 $225,786,525.00
ICE Natural Gas LD1 H JUN14 19,936 4.549 $226,722,160.00
NYMEX Natural Gas NG JUN14 864 4.549 $39,303,360.00
US Treasurys
US T BILL ZCP 04/24/14 200,000,000 100.00 $199,996,986.10
Cash
US DOLLARS 429,304,480 1.00 $429,304,480.04
Pending Trades:
Pending Trades
as of 04/16/2014, subject to change
Shares Created/Redeemed 900,000
Security Action Quantity Price
NYMEX Natural Gas NG MAY14 Sell -318 4.530
ICE Natural Gas LD1 H MAY14 Sell -9,968 4.530
NYMEX Natural Gas NG JUN14 Buy 801 4.549
ICE Natural Gas LD1 H JUN14 Buy 9,968 4.550
Posted on 4/17/14 at 9:56 am to Iowa Golfer
Iowa,
Any reason futures just through the roof?
Any reason futures just through the roof?
Posted on 4/17/14 at 10:04 am to econ85
Has EIA report come out yet?
Posted on 4/17/14 at 10:08 am to econ85
quote:
Any reason futures just through the roof?
Not good.
Posted on 4/17/14 at 10:12 am to Iowa Golfer
It comes out on Friday, right? I didn't see anything.
Posted on 4/17/14 at 10:20 am to econ85
Posted on 4/17/14 at 10:21 am to sneakytiger
I was looking at the WE date. Thanks.
Posted on 4/17/14 at 10:44 am to econ85
I want to add more but I'm starting to doubt this trade... 
Posted on 4/17/14 at 10:56 am to sneakytiger
I'm getting killed on this trade.
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