Actually presentation is very upbeat. Expectation fromWash. trip that therewill be a "small bargain" to keep funding in good shae (about the same as 2013). Re-iterating that cuts are all based on reduction of defense budget increases (so not actually reductions). Also, said there are 5 new projects taht are "week" away from some activity. Mentioned that is about 5B of postential work.
So, the drop seems to be part of an industry wide thing - except Raytheon hit by far the hardest. One would hope that it will indeed be 90, maybe around year end?
I played around in UNG a few years ago, but have lost touch. Price is around 20, and was around 8-12 at the time. Historical price shows that it was around 200. So, I assume there were splits. I saw a 1 for 2 and a 1 for 4. So since 20 is that all the splits (price 8X lower?).
Is there no where else that people can post the gossip and political drivel rather than on financila message board?
I am always amazed when I look back here. Yanoo is usually pretty good at keeping at least somewhat on topic. Every one in a while, like today, I wonder why RTN stock is doing poorly on an up day. All that is here is the usual soap opera gossip. I did see a post regarding NLOS so that is somewhat to the point, but otherwise it is useless.
Is there not a twitter page better suited or even facebook?
Can anyone tell me why TBT is down 40% between May of 2008 and today, when the 10 year rate is about the same. I am wondering if there is a general downtend with rates being the same or if it is due tot he leveraed nature of the fund (since no change to leverage I don't see how that could be tnhough), or maybe just random. Next time over a year or so it might go up based on the same interest rate levels>?
Yes and you can sell a synthetic call (short stock and short put) and buy a call and have cash left over (For Jan. $10 put/short stock/call there is about .25 for no risk ( guarnatted profit) no matter what the stock does. The only thing is it costs a lot to borrow this stock (~.12/share fort he 10 days (actually it is 65%/year cost to borrow). Most stocks are .25%. So that is further evidence that the betting is so heavily on it falling, it would seem silly to won it. Does anyone else play the game to profit from high option prices? I would like to trade info on CO's and tactics for that.
Can someone tell me (I am lazy) when the ex dividend is (and was for Nov. I see 11/13 on Yahoo for a 1.00 Div. Is that the date they paid it so Ex was a while before that?
I am really curious if the stock typically drops by the Div amount. Forsome reason Yahoo is not showing the dividends in the history. I am not sure howe Yahoo reports history. It says it is addjusted for splits and dividends, but I am not so sure they do. I am looking for somewhere that shows the actual clsoe price (not adjusted) and the ex dividend date.
Seems like the dividend is pretty good in GNK.
Better? NG has more than doubled in the past 2 months. That is a lot better. Not $14 I know, but still heck of a gain. Of course that is a moot point since UNG did nothing during that time. But there is no way to benefit from NG rising anyway. All one can do is scalp the premium from UNG and that fat 1.50 is now history.
everyone knows when options expire, so the expiration can not have any influence on price since everyone has the same info. If stocks would react enough people whould step in and equalize it out
could be a premium is increased so is good for the stock
Where can you see the NAV for this
should be at PGM.iv but I do not see it on yahoo or IB?
exactgly the same if contango is there. Premium is not a problem that I know of. COntango killed the OIL futures ETF's last year the same way it is killing UNG now.
5% Pemium from yesterday isnow undwer 3%. So the short UNG and long Nov/Dec futures has netted 2% in a day with no risk since the futures gain balances the short UNG. Still has 3% to go though, hope that comes off in another day or so. Then hopefully the premium will build back up.
Seems that on down days people rush in to overpay for UNG (hoping to get gains from low NG?) and on up days the premium comes out. That might be a really great longer term strategy. "sell" the premium on down days and buy it back a lot lower on up days - like today. A few % every few days would be 200%/Yr which is the goal.just fine by me.
You do need to get trading permission for futures. Need to say you have experience in it, etc. Otherwsie they are just like a stock, excpept they expire. So, you need to sell or buy (if short) them before expiration. You also need to make sure if they are cash settled or physical delivery. If physical and no one sells them for you (brokers usually will), you will get the commodity. So if you don't know waht to do with millions of Cu. ft. of NG you need to make sure about that. My broker does not allow physical delivery so they sell them at close of expriration day if you do not. You need to make sure you know when that is. 3 days before end of month for NG.
The full futures (10,000 units) of the 4.XX value (so 40-50K for one contract). Since that is a lot, there is also the eMini version which for NG is 2500 units. That has a symbole of QG on NYMEX. The full one is NG. You need to get the month expriartion that you want. You can see these ont he Nymex site here:
look at the contarct description and it will give most info. Beware the change that shows there is odd. Somtimes it includes the after hours and sometimes not.
If you look at the UNG site, it shows what they own. They own 100% of NG and QG, but some of that is by virtue of swaps (side agreements based on the value of NG futures). You can call UNG and they will explain that to you.
You go on and on about stategys etc.
BUT WHY would you (or anyone buy NG futures in this fund at 4-% higher than you can buy the EXACT same thin for 5% less by buying the futures. I just do not understand it. If you wanted I will sell you any other investment for 5% more than it tardes for at any time.
This whole board is filled with people discussing the merits of NG and YNG. If you like NG then buy the futures if you do not then sell the futures. Why would you pay more the futures by buying UNG. I only ask becasue It is not comprehensible. Maybe a morbid curiousity of mine to waste time asking this question ??????????????????
Please - UNG has no support level. It is just the value of NG. Now it will have the value pegged to higher price NG.
Byt there is the premium which inexplicably rose 4% in the past 2 days. Why people would by NG futures through NG rtaher than just buy the exact same thing for 4% less is beyond me. I am doing my part to fix that by shorting NG and buying the futures. I do not understand why people with millions (billions) would not do the same thing to get the 4% in a day and beat that premium down to where it belongs. Of course the only way I can get those 2-4 quick gains is the premium building ack up, so go ahead and buy the overpriced s**t so I can short it and get the premium.
The 1.00+ premium sure was sweet though, but those days are gone I am sure.
That includes Neg earnings. It does not say whatit would have been in otehr years. So this may be actaully a sign of overprice, but its not a fair compariaon so its really not valid Info.
It may also be just Bull ?