Recent content by bt116

Fair value based on what?

Thats not what I said. I think if you want me to make a blanket staement that I would stick behind, I would say that buying UNG while the underlying natural gas curve is in contango is just really dumb since you are paying to roll every month the market stays in contango.

No one said contango guarantees a loss. what was said was that as the fund rolls, the front month has to make up the amount its losing just to break even. every single month. thank you for your insight. thought provoking.

barring a really cold winter, probably a better chance of seeing some of those backwardated spreads in 2011 slipping into contango no?

the reason ung sucks in a contango is because the buy front month futes and roll them to the next month every month. they have to make up the difference every single month they do that just to break even. for example: right as i am writing this july is 5 cents cheaper than august. if i roll...

wouldn't you think that most of his numbers (a-up, c-down, etc) have changed these last few years with the larger daily ranges and increased volatility?

Did you cash that ticket in today PAPA?

PAPA, Been one helluva ride in H/J eh? Do you adjust your exit price based on the margin you post on a trade? Or do you just come in with a price in mind and hold until a particular stop out or until your price gets hit?

www.google.com

Agreed. Also, just watching the last few expirations, seemed like there was a ton of buying in the front spread, only to see the next spread on the board sell off again.

Did you take your whole Z/F/G fly off or just the Z/F part?

That spread is all over the place today! Up trend seems to have finally taken hold a bit. You think there was a big short cover this am?

+27-30

Does that mean you don't think naked short selling is a problem? Isn't it a good thing that senators are taking on something that can do some good for a change?

Where did you hear this?