Domain: tiger-web1.srvr.media3.us BOIL has become predictable | Page 58 | Money Talk
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re: BOIL has become predictable

Posted on 11/12/14 at 6:26 am to
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10609 posts
Posted on 11/12/14 at 6:26 am to
Volatility today is looks like. Cash settled a dime lower yesterday, and December is already down a nickel this morning.
Posted by rintintin
Life is Life
Member since Nov 2008
17009 posts
Posted on 11/12/14 at 8:19 am to
Looks like another chance to load up.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10609 posts
Posted on 11/12/14 at 7:16 pm to
EIA November Short-Term Energy Outlook predicts lower than expected natural gas prices this winter.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10609 posts
Posted on 11/12/14 at 8:39 pm to
Unbelievable. Cash moved up .14 today, but futures are trading down. Probably responding to the EIA report above.

The wild jumps lately in the HH cash prices has really been something else.
Posted by sneakytiger
Member since Oct 2007
2499 posts
Posted on 11/12/14 at 10:19 pm to
I think at least part of the run up in cash has to be this early cold snap we are experiencing down here.
Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 11/13/14 at 7:31 am to
quote:

The wild jumps lately in the HH cash prices has really been something else.



do you think volatility ultimately results in an up or down move?

I'm long UGAZ again, but quickly losing confidence in the position.
Posted by I Love Bama
Alabama
Member since Nov 2007
38433 posts
Posted on 11/13/14 at 8:21 am to
I'm getting back in under 12. I think we still have too much supply coming online and mild weather forecasts (after this cold snap).

Note that I still have no clue what I am doing and just reading and learning at this point. Your guess is as good as mine where this is going.
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12842 posts
Posted on 11/13/14 at 8:54 am to
knew I should have put a tailing stop loss in on UGAZ when it was riding high.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10609 posts
Posted on 11/13/14 at 9:20 am to
Futures trading below spot.
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12842 posts
Posted on 11/13/14 at 9:40 am to
wanna give me a little lesson on what you mean by that Iowa?
Posted by rintintin
Life is Life
Member since Nov 2008
17009 posts
Posted on 11/13/14 at 9:46 am to
I'd like the TheForce to weigh in. He's called everything since the beginning of this thread fairly accurately. He said we'd see another dip before the brunt of winter hits, and that's exactly what we're seeing now. The question is How low will it go?
Posted by L S Usetheforce
Member since Jun 2004
23262 posts
Posted on 11/13/14 at 10:16 am to
I have a price trigger to buy @13.99 1k shares....

Other wise I'm holding what I already have.... All I'm reading is production is gonna hang Bulls this winter so 20 may be highest ugaz gets..... Might not see the 6 buck spot bump
Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 11/13/14 at 10:23 am to
quote:

knew I should have put a tailing stop loss in on UGAZ when it was riding high.



bailed at 17.4
bought back at 16.1
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10609 posts
Posted on 11/13/14 at 10:31 am to
Contracts for December gas delivery are less expensive than the current spot price at Henry Hub. Upon expiration of the December contract, the price must match cash price. Sometimes future's prices impact spot prices, sometimes the other way around.

December contract will expire 11/25. It will match cash at that point.

My instinct is the December contract will increase because historically due to winter, December futures always trade higher.

No guarantees this year. The EIA short term outlook is bearish. The updated weather this morning is bullish. The EIA injection tomorrow is probably below 35, and the next several could possibly be negative.

This post was edited on 11/13/14 at 10:34 am
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12842 posts
Posted on 11/13/14 at 10:40 am to
below 35 is good, b/c that means more gas going to consumer rather than storage, correct?
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10609 posts
Posted on 11/13/14 at 11:32 am to
Mostly, yes.
Posted by thatguy777
br
Member since Feb 2007
2506 posts
Posted on 11/13/14 at 11:42 am to
should have bought 21.5 UNG puts yesterday...dang
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10609 posts
Posted on 11/13/14 at 12:09 pm to
My strategy. On days like today I go long Jan/Feb. If we get a sharp increase, I load up shorts for July/Aug.

Doesn't matter much which vehicle you use, whether options, contracts or etp's.

Wash, rinse, repeat.
Posted by L S Usetheforce
Member since Jun 2004
23262 posts
Posted on 11/13/14 at 12:16 pm to
Sold 2000 of dgaz @ 3.67.....never thought I'd make 30% on that in two weeks.... Held a 1000 for leverage....

Playing both sides now....
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 11/13/14 at 12:17 pm to
Can you please explain that to me?
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