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Started By
Message
re: BOIL has become predictable
Posted on 1/23/14 at 9:22 am to L S Usetheforce
Posted on 1/23/14 at 9:22 am to L S Usetheforce
You should trade futures. You work in O&G?
1
Posted on 1/23/14 at 9:23 am to econ85
I don't really understand futures need a hard lesson..........
I don't work Oil and Gas but my brother has a piece of an Oil well "La Cantera" and I get all my news through him and family of that well. Lets just say it produces MASSIVE NATURAL GAS!
I don't work Oil and Gas but my brother has a piece of an Oil well "La Cantera" and I get all my news through him and family of that well. Lets just say it produces MASSIVE NATURAL GAS!
This post was edited on 1/23/14 at 9:25 am
Posted on 1/23/14 at 9:31 am to L S Usetheforce
Good day to buy July 2014 puts. In the money puts are priced decently today.
Posted on 1/23/14 at 9:31 am to L S Usetheforce
I just bought into KOLD at $55. 
If it keeps dropping, I'm going to keep buying.
If it keeps dropping, I'm going to keep buying.Posted on 1/23/14 at 9:33 am to TheBigHurt
Hurt its basically a simple supply and demand issues.......
Natural Gas has a massive supply from US reserves........super cheap come summer once it's restocked with fracking and shale.
This has just been a bitch of a winter and reserves are 15% below normal since fracking and shale has been tapped and producing from 2011.....
Uncharted territories for the reserve.
Natural Gas has a massive supply from US reserves........super cheap come summer once it's restocked with fracking and shale.
This has just been a bitch of a winter and reserves are 15% below normal since fracking and shale has been tapped and producing from 2011.....
Uncharted territories for the reserve.
This post was edited on 1/23/14 at 9:35 am
Posted on 1/23/14 at 9:34 am to Iowa Golfer
We would need to drink some coffee and you'd have to school me Iowa.
Posted on 1/23/14 at 9:36 am to L S Usetheforce
Posted on 1/23/14 at 9:38 am to L S Usetheforce
So by next thursday after this weeks cold front hits the reserve hard again and EIA reports I'd expect Kold @ 49ish! UNG at 23.80s-24.10s
This post was edited on 1/23/14 at 9:39 am
Posted on 1/23/14 at 9:40 am to L S Usetheforce
quote:
We would need to drink some coffee and you'd have to school me Iowa.
UNG 23 July puts are selling for $2.27. If you bought one put, you would have the right, but not the obligation to deliver 100 shares of UNG at $23 in July 2014. UNG is trading for about $23 today. You're betting UNG will be at about $20.70 in July. If it isn't, you lose about $235.84, predicated on the option expiring worthless in July. You could sell the option anytime between now and then if you want to limit the loss, or take a profit.
A very cheap and simple way to go short.
Posted on 1/23/14 at 9:44 am to Iowa Golfer
I see..........interesting.
Lets meet up next thursday morning I think next week is the peak of winter's natural gas run.
Lets meet up next thursday morning I think next week is the peak of winter's natural gas run.
Posted on 1/23/14 at 9:45 am to Iowa Golfer
Selling the Jul 14 26 calls doesn't look bad.
Posted on 1/23/14 at 9:47 am to L S Usetheforce
You'd have to make it to Las Vegas. Actually, if you could make it, the room and $120 per day in food are on the casino. I won't be going anywhere cold anytime soon. Get a cheap ticket and I'll buy you an espresso.
Posted on 1/23/14 at 9:52 am to econ85
I'm going to ride your coattail if you buy any. Let me know so I can mirror. I'm only going to do about $1,000 worth.
Posted on 1/23/14 at 9:54 am to Iowa Golfer
quote:
You'd have to make it to Las Vegas. Actually, if you could make it, the room and $120 per day in food are on the casino. I won't be going anywhere cold anytime soon. Get a cheap ticket and I'll buy you an espresso.
I have to put people to sleep next Thursday.......but Tigerdroppings will do!
Posted on 1/23/14 at 9:57 am to L S Usetheforce
quote:
I have to put people to sleep
Sounds sinister
Posted on 1/23/14 at 9:58 am to I Love Bama
I'm going to wait a week before I do anything. If you only want to tie up $1k, then I would trade UNG.
Posted on 1/23/14 at 1:19 pm to econ85
Gas trading $100+ in NE markets last couple days... huge supply constraints. Midwest and NE are fighting each other for gas.
Solid advice, thanks. 24's appear to be cheaper now?
quote:
A very cheap and simple way to go short.
Solid advice, thanks. 24's appear to be cheaper now?
This post was edited on 1/23/14 at 1:24 pm
Posted on 1/23/14 at 2:38 pm to sneakytiger
I bought July $23 puts. $24 puts are .71 higher. You would need an UNG share price of about .15 higher with these puts than the $23 puts. Not worth it to me. I need UNG at $20.51 in a worst case scenario. The $23 puts will be worth more than I bough them for long before the price gets to $20.51 if natty gas goes down in price over the summer months.
Posted on 1/24/14 at 11:40 am to Iowa Golfer
I sold UNG July 2014 $18 puts and bought July 2014 $20 puts today at a net debit of $46 per contract. The $2 spread limits maximum profits if it is below $18 in July.
Posted on 1/25/14 at 5:38 pm to Iowa Golfer
heard that in a couple of years many trucking/shipping fleets will be switching to Natural Gas...thus keeping the NG prices up even through the summer. Any truth?
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