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Started By
Message
re: BOIL has become predictable
Posted on 6/23/14 at 2:28 pm to sneakytiger
Posted on 6/23/14 at 2:28 pm to sneakytiger
It is painful. I made the same mistake. I did average down, but with an OI of almost 19000 contracts on the $23 UNG puts, it look like put buyers are hanging on, with virtually no volume. This could get ugly as we get closer.
I made my loss back in futures, where I should have stayed given my general advice to stay away from trading ETF and ETN's long term. Look at eh ETF's today. Natty gas is in as close to a free fall as we have seen, and the ETF's are hanging on.
If I closed out my options today, if I could get them closed, I'd lose $5,100.00.
I made my loss back in futures, where I should have stayed given my general advice to stay away from trading ETF and ETN's long term. Look at eh ETF's today. Natty gas is in as close to a free fall as we have seen, and the ETF's are hanging on.
If I closed out my options today, if I could get them closed, I'd lose $5,100.00.
2
Posted on 6/23/14 at 4:10 pm to Iowa Golfer
July is almost down a dime, and after hours UNG is still hovering at $24.59.
July goes up .03 tomorrow and UNG will replace half of its loss.
Crazy lesson learned about ETF's that "track" commodity prices in all of this.
Edit - When night trading starts for real, which is to say when the guys getting off of work start to trade futures, I'm going hunting for a dark pool to see if I can unload more UNG puts. I doubt I do, but I have so many fricking puts I need to try.
This one trade has impacted my golf substantially.
July goes up .03 tomorrow and UNG will replace half of its loss.
Crazy lesson learned about ETF's that "track" commodity prices in all of this.
Edit - When night trading starts for real, which is to say when the guys getting off of work start to trade futures, I'm going hunting for a dark pool to see if I can unload more UNG puts. I doubt I do, but I have so many fricking puts I need to try.
This one trade has impacted my golf substantially.
This post was edited on 6/23/14 at 4:12 pm
Posted on 6/24/14 at 3:28 pm to Iowa Golfer
Posted on 6/24/14 at 3:28 pm to Iowa Golfer
I can't wait for this to be over.
Posted on 6/25/14 at 7:52 am to Iowa Golfer
seems I have read a few people in this thread saying they had problems with the gas ETFs & ETNs.
Could someone summarize those issues?
Could someone summarize those issues?
Posted on 6/26/14 at 9:36 am to Iowa Golfer
I take it the reports were favorable this am.
Posted on 6/26/14 at 9:44 am to TigeRoots
Posted on 6/26/14 at 9:46 am to TheBigHurt
At least the reaction is actually in line with injections this week... for now
Posted on 6/26/14 at 10:19 am to TigeRoots
Take a look at the day's high on July 23 UNG oputs. Someone made a boo boo. Their mistake, and I'm closer to getting out.
Posted on 6/26/14 at 11:01 am to Iowa Golfer
I'm selling puts now. I'll buy them back tomorrow when natty gas goes up a dime again.
Posted on 6/26/14 at 11:08 am to Iowa Golfer
Who, wouldn't an exchange reject that?
Posted on 6/26/14 at 11:10 am to sneakytiger
I can't sell against what I have, but I can sell against DGAZ and BOIL. Also puts on the August contracts.
Check that. I'm trying to short DGAZ. Puts on the others where possible.
Check that. I'm trying to short DGAZ. Puts on the others where possible.
This post was edited on 6/26/14 at 11:12 am
Posted on 6/26/14 at 11:13 am to Iowa Golfer
I meant the $2.50 buy order on the July 23
Posted on 6/26/14 at 11:18 am to sneakytiger
I don't know what happened there. I sold 10 23's earlier, and they partial executed 9 and 1. Nothing has been reversed yet.
Posted on 6/26/14 at 11:21 am to Iowa Golfer
It's like being an Iowa fan. Get down to $24 damn it all to hell.
Posted on 6/26/14 at 11:27 am to Iowa Golfer
August is down over .13, and the etf's are bull shite.
Posted on 6/26/14 at 12:27 pm to Iowa Golfer
Posted on 6/26/14 at 12:32 pm to Iowa Golfer
quote:
Posted on 6/26/14 at 12:41 pm to LSURussian
August is getting pummeled. And yet no blood. Give me some red meat blood damn it.
Posted on 6/26/14 at 12:42 pm to Iowa Golfer
I guess I'm the only one here who is clueless as to what you're attempting to communicate to the board.
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