Who here will hold the bag for the next five years?
Just speculators driving up a contract that expires in less than a week. April is not even up 3%.
Short UGAZ from a few weeks ago, OTM BOIL calls and some UNG outright. I also have some bear spreads on BOIL a few months out. I want to say 46/47
Yes and they have to pay the full price, which is $60K a contract almost right now. Don't want to take delivery? Better sell then! I hope they know that liquidity will start getting pretty thin after today as people focus on April.
It's interesting that March is at the HOD and April has sold off a little.
LOL! The ignorance here by the permabulls is astounding. Anyone not selling their March contracts after today is gambling and will be trapped. Otherwise, a lot of these longs in India and elsewhere better plan on taking delivery.
Smart futures traders roll into the next contract a week before they settle. The people that keep running the volume up on the MAR are gambling.
Just become a hermit and live in the woods. Start watching Man vs. Wild to prepare for your new lifestyle. The guy at my fitness center said earlier that he is buying NG futures and they will go to 20 soon. We'll be able to walk to the UK when the ocean freezes over this summer.
How the heck does a team with as stacked an offense as they have struggle so much to score? Big upset.
Backwardation is .13. The UNG front month contract is April now. UGAZ tracks a seperate index entirely. You do not understand these products. Read the prospectuses.
This is a good point and since I am politically-uncorrect in real life I think I am going to start calling it liberal-made global warming. Kind of like how I call liberals that support abortion "pro-choice to murder your baby".
Yes, I was completely wrong and yet my UGAZ short is still profitable. UNG call writes are down so it's about a push. How is your UNG long from 2009? Only 2000% more until you break even.
What about women? Isn't that more politically correct?
I'm sure a lot of liberals would like to change the term from "man-made global warming" to "white male-made global warming".
First there was the snowstorms and now there are satellites falling from the sky! The only culprit can be global warming. Check that, MAN-made global warming.
Thursday. Expect the inventories to be completely depleted as the US runs out of NG. NG will spike to 20 this week.