just passing thru, hope everyone is well. don't invest this way just because I do it-I'm often wrong. I'm buying april and later calls-18,19,20,21 strikes. why, I think the oil curveball is gonna take some time to work thru getting oil to bottom in winter is gonna make the gas supply very tight some time in march+april unless they press panic button sooner. on the other hand, oil may stay down longer and gas never gets tight this season. People are still converting to gas from oil in my little business because they know its not gonna last.
In the meantime, I'm trading aapl calls and puts which is way more exciting than gas right now. sorry to say gas trade feels kinda boring
melt, compressa... I havent found any good books on gas trading. But I do like to read platts reports. On the options, I agree as well. you gotta assume that your initial purchase can be wiped. I like to pick a timeframe I like. Keep in mind I most always dont hold an option to expiry as they can be traded along the way.
chris well done sir 22 is nothing to sneeze at. The more I trade the options the more I like them. They are not everyones cup of tea but I do like the % gains that can be achieved.
howz everyone doing….not saying I'm great because I'm not…..this works for me….been buying jan 17 20 buck calls and Apr17 20 buck calls since mid october. on my first go around I cashed out +105 % and with the stuff I bought last week up 53% right now. So I'm giving up on dgaz and ugaz permanently.
Started messing with nugt and dust options recently under water there by 30%. I think gold is gonna get smashed again very soon. Euro and yen are way way off. no growth in globe, except for natty business lol
thanks BB. great trip and nice to get away from gas for a while. I'm buying Jan and April calls-when you really think it thru it doesnt matter where unless you miss the strike. But what the hay 90 days for january and 180 for feb we should catch some fishes. I think there is more possibility they gonna concoct a story about not enough gas rather than too much gas just to get it to swing . I'm often wrong as well.
contango=contained. these terms are greatin general for commodities but I wouldnt try to put much faith in them with gas. gas turns on a dime and is often reffered to the "widow maker" for those reasons.
fate your spring 2014 call was pretty good. but this year you are misreading the tea leaves. just buy the april 17 2014 20 buck calls and relax. Up 17% today alone.
I think gas is either gonna trade with oil or they "try to" create a panic situation by wagging the dog around not having enough gas. Which we know isnt true. We've seen that before. Once traders get going they love to make this stuff swing. we need to pay attention to who is trading 6am-8am eastern. Somewhere I read an article about those characters.
from 4 months in italy. words cannot describe the trip we went everywhere. hope everyone is well. as you can imagine I'm kinda swamped at work so my posting is gonna be limited.
I feel pretty rusty at gas trading after the long vacation.....I'm thinking they are get gas to swing soon by creating panic about not having enough. We all know its not true but I think the dog is gonna get wagged. All I have is some April 17 20 calls right now.
thanks BH, looking forward to getting away from anything nat gas related. now if I can only figure out how to get the harley there.
the awesome wife really surprised me this time....leaving this week for 2 months in italy so who needs the hamptons. trip is gonna cover venice, naples, rome, florence, 2 week in lake como, the itlalian alps, scilily, sardinia and my favorite a 2 week cooking tour of tuscany farmhouses. yum yum. happy tradin and I'll catch you all in sept. I'm not too thrilled with the summer trade so If I had to guess we gonna run the analysts ranges for a while. Hope you guys have a great summer and you all end up with piles of cash.
+1 good observation, that pipe is being ramped up as you read this. If the pipe could accept the nominations from last week we would have seen 120 yesterday.instead of 113. Natty has gotten real good at catching breaks over the last 9 weeks.
its called doing your homework. the folks that work for me dig up all sorts of stuff. our opinion todays injection was nice but not enough to change momo. We still thinking we need 2 tcf + in the bag to get normal give and take trade. maybe mid to late july.
any comments here, anyone been following besides me.....Spectras Algonquins big northeast pipe, that crosses NJ, into NY and CT to feed the northeast has had servere flow restrictions due to planned maintenance on multiple compressor stations+ improvements last week and this week. That pipe is 1200 miles long and can carry 2.6 bcf a day.
I think you are doing it right. unless we get one of those goofy out of the blue downturns like we got around dec 26. that was a doozy.
hey, you can always try ugaz. thats what I'm doing on the pullbacks. if you can't beat em then join em. just seems so rediculously biased to spring higher so try some scalpin.