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re: BOIL has become predictable

Posted on 6/26/14 at 1:20 pm to
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 6/26/14 at 1:20 pm to
August was down almost .16 at one point, and UNG is recovering.
Posted by sneakytiger
Member since Oct 2007
2472 posts
Posted on 6/26/14 at 1:27 pm to
Jul-Oct is in a really narrow band
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 6/26/14 at 1:33 pm to
I just bought July in the money calls. $23 calls for 1.65.
Posted by bayoubengals88
LA
Member since Sep 2007
18913 posts
Posted on 6/26/14 at 1:53 pm to
quote:

Jul-Oct is in a really narrow band

So is this a year-round endeavor now? I was under the impression that UNG had become predictable due to the likelihood of an extremely cold winter, thus a seasonal type of play. No?
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 6/26/14 at 2:01 pm to
OK. I got August sold at 4.60 this morning, and bought back at 4.41. The entire natural gas trade has been a winner, but only because of futures.

It still burns my butt that on the UNG put portion of the trades I'll take a loss. There's no way out for me now. barring a miracle. And if the future's market dropping .16 doesn't do more than it did today, there will be no miracles.

Amateur mistakes. This is a great example of what not to do on puts. It's also an example of very poor due diligence on my part. I never anticipated pipeline capacity, and also never anticipated the irrational exuberance of the bulls on this.

The futures market would pull up spot prices at Henry Hub by a dime a day. Someone was making a ton of money.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 6/28/14 at 10:27 am to
Cash was down .17 on Friday to $4.38.
Posted by L S Usetheforce
Member since Jun 2004
22760 posts
Posted on 6/30/14 at 10:05 am to
By Aug 15th cash will be at 4 and futures @4.50......haha
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 6/30/14 at 2:06 pm to
Won't happen. Futures are already below $4.50, and so is cash. NG is above $4 for the rest of the injection season barring a major miracle.

I'm playing both sides now. I'm long until Weds morning, and I'm short Weds afternoon through Thursday lunch time.

Posted by L S Usetheforce
Member since Jun 2004
22760 posts
Posted on 6/30/14 at 2:20 pm to
I was being a little facetious Iowa.......
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 6/30/14 at 3:21 pm to
Sorry. This trade has me a bit irritable.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 7/1/14 at 7:14 am to
Thursday's anticipated storage injection:

LINK
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 7/2/14 at 7:54 am to
Thursday again, and here I am again.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 7/2/14 at 8:00 am to


Based on my inability to know what day it is, I have decided to take a vacation starting the Monday after the holiday weekend.
Posted by TigeRoots
Member since Oct 2008
8505 posts
Posted on 7/2/14 at 8:09 am to
quote:

Thursday again, and here I am again.




quote:

Based on my inability to know what day it is, I have decided to take a vacation starting the Monday after the holiday weekend.





This post was edited on 7/2/14 at 8:11 am
Posted by TheBigHurt
Houston
Member since Feb 2010
2378 posts
Posted on 7/2/14 at 10:32 pm to
So what do y'all think going to happen tomorrow? 7 straight weeks of 100Bcf?
Posted by L S Usetheforce
Member since Jun 2004
22760 posts
Posted on 7/3/14 at 6:05 am to
Oh we gonna do it...... 103bcf is my guess......

Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 7/3/14 at 7:52 am to
Hopefully light volume and lots of volatility this morning. Futures are trading up, but cased settled below $4.40 yesterday.
Posted by L S Usetheforce
Member since Jun 2004
22760 posts
Posted on 7/3/14 at 9:21 am to
Today is our day...... Ung 23.50 would be nice
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 7/3/14 at 9:23 am to
I want out of UNG by lunch.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 7/3/14 at 9:34 am to
Hopefully I can dump $24 calls today to make up for $20 puts, then I'm out except DGAZ and futures.
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