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Annaly Capital Management, Inc. Message Board

tremulousbull 4 posts  |  Last Activity: Jan 31, 2014 5:02 AM Member since: Nov 5, 2010
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  • Reply to

    I haven't traded UNG in years

    by biarritz90 Jan 30, 2014 7:47 PM
    tremulousbull tremulousbull Jan 31, 2014 5:02 AM Flag

    If you check out the futures contracts, they are actually in backwardation at the moment. However the march contract has been dropping much faster than the April and May, so I think by the time UNG is rolled to April, there won't be much difference. Backwardation in theory would decrease the drop in UNG compared to the drop in natural gas (opposite of contango). With that being said I own $22 July puts in (part of a put calendar with Feb) in my non tax advantaged account, and $24 Jan 2015 puts in my IRAs. I expect natural gas will be back in contango by April and under $3.8 and ung will be under $17 by July.

  • Reply to

    UNG price topping.

    by thetadecay Jan 23, 2014 10:38 AM
    tremulousbull tremulousbull Jan 24, 2014 9:53 AM Flag

    Some more stuff I just can't make up without a lot more effort then I want to right now

    Acquired 09/26/2013 -200.000 $29.606 $2.266 #$%$921.20 -$453.20 -8.29% -$2,893.21 -95.55% $15.14 $3,027.99
    Short 05/20/2013 -300.000 $29.606 $2.266 -$8,881.80 -$679.80 -8.29% +$476.04 +5.09% $31.19 $9,357.84
    Short 05/20/2013 -750.000 $29.606 $2.266 -$22,204.50 -$1,699.50 -8.29% +$1,037.02 +4.46% $30.99 $23,241.52
    Short 05/10/2013 -400.000 $29.606 $2.266 -$11,842.40 -$906.40 -8.29% -$549.73 -4.87% $28.23 $11,292.67
    Short 05/08/2013 -293.000 $29.606 $2.266 -$8,674.56

  • Reply to

    UNG price topping.

    by thetadecay Jan 23, 2014 10:38 AM
    tremulousbull tremulousbull Jan 24, 2014 9:41 AM Flag

    Fidelity. I'll try to copy and paste exactly what is on my screen. Symbol: Populates the Quote Information frame.
    Find Symbol UGAZ

    Action: Press Alt plus down arrow to open dropdown.
    Margin Calculator


    Hard to Borrow

    Available to Short: 61,732

    Est. Annual Interest Rate: 5.000%

    I'll also copy what is in my open position field
    CREDIT SUISSE NASSAU BRH VELOCITY SHS 3X LONG NAT GAS ETN LK (Short)
    -1,943.000 $29.430 $2.09 -$57,182.49

  • Reply to

    UNG price topping.

    by thetadecay Jan 23, 2014 10:38 AM
    tremulousbull tremulousbull Jan 24, 2014 6:20 AM Flag

    I have maintained short positions in both UGAZ and DGAZ. For longer term seasonal moves, I believe It is better to short them than own them because of their decay. It costs 5% annually to maintain the position since they are "Hard to Borrow". According to my screen yesterday there were over 10,000 of each available to short. Even when it has gotten down to 0 to short, I have never had mine covered by my broker. Speaking of this, I have a margin call to make because I am short a lot of UGAZ right now :-)

NLY
11.25-0.16(-1.40%)Apr 17 4:00 PMEDT

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