No margin for sure! Are you in UGAZ longer term Cristian or trade in and out of it?
Anyone have an opinion on this? I know there are fees / admin. costs with UGAZ can eat away at gains but Nat Gas seems pretty depressed here at $2. Crude has really been running, could nat gas be next for a nice move up?
Resistance at $40.30 from this AM. If it can break through could run higher for sure. Still early in the day!
I heard from a friend that he wouldn't buy because there was a question about their overall financial condition and might go out of business. Thoughts? Thanks!
Interesting strategy. You've had good results shorting the VIX after spikes it sounds? What caused that massive VIX spike to over 40 in Aug '15?
Thanks for the info TremulousBull. You sell TVIX short after a spike expecting it to fall back down? Never really investigated the VIX before, it's an interesting concept; quite complicated as you say. Cheers!
Are you short SQNM btommasino? Zack's just gave them a "Strong Buy" recommendation not long ago, I was surprised by that. I no longer have a position in SQNM myself.
From Investing d0t c0m website:
U.S. natural gas prices snapped a four-day win streak on Wednesday, falling by as much #$%$, as forecasts that a cold snap in the U.S. would be short-lived weighed.
Futures surged into bull market territory on Tuesday amid winter storms and forecasts for colder U.S. weather.
Nice trade! I was in from $1.51 - $2.27. Should have held on another day but did fine anyway! Looks like it's going to be dropping back down below my sell point today. Might get back in at some point.
Dang, shouldn't have sold my shares at $2.27 today I guess... It's a tough call, I still made out well. It could pullback a bit before heading up again. Good luck!
Got a limit order in now to sell x150,000 @ $2.27. Hopefully will get filled soon. Good luck to all!
$9.oo sounds good to me! Still holding from $1.51. You're right, this is not a stock so not subject to the same types of pressures. Winter storm news on CNBC at the moment! Lots of snow coming down in Texas!
Sentiment: Strong Buy
Maybe you're right my trading friend is urging me to do the same. Next push up I'll sell and regroup on the pullback. This has been an incredible run. Thanks for the advice.
Not time yet RD! The winter storm news is just coming in. Cold weather is going to drive natty gas way up from here! Good luck to you.
Sentiment: Strong Buy