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Re-entering -V/+X again here, first tranche of a new position in at .629. Again, all the same setup as before, more of a storage operational issue for this play than anything.

layered in another piece of -Q/+U here at .135

Closed out this last piece at .129, a .036 profit. All flat N/Q now, the trend has stopped coming in, and now that we are in day 1 of bidweek, I am unsure if cash will be a dime back for next month.

Damn Surf, I only proposed taking all existing mortgages and allowing the homeowners to refi through the FED at 30 yr, 1% fixed.

Closed this piece out at .119, a +.026 profit. still riding 40% of position in this, going to be a little more aggressive with the last piece, initially targeting .095.

Added more at .115, the spreads are moving but this one is holding well here. Working .105 and .095 for more.

This is scaling in to front run next months Goldman and UNG roll. They will be selling Q/buying U next month. I expect this spread to widen out past .20 by the roll, and with storage filling quickly, maybe even approach .30!!! (hopefully). Either way, I will be acquiring this position over the...

Just closed out this piece at .139, taking .086 to the bank. Still wearing a majority of my position in this and looking for further tightening.

Starting to ligtly scale in to my next Position -Q/+U at .115

June doesn't come into play on this spread. Currently, I am long July futures and short August futures. There are a couple of different ways to take this into the physical market. If I just held the spread and let it go to expiry, I would have to take delivery of Hub gas for a rateable daily...

Good to see you over here bro.

I actually would close out with an EFS for my N futs, and buy Hub Physical at phys basis. Then I sell a rateable amount of hub to the cash market every morning and offset the like volume each day of my Q futs.

Don't know any specific sites, but have a good new band for you to check out- Veer Union. <object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/c8HpfJ3_nQU&hl=en&fs=1&"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess"...

I do. Actually working a GTC to add more at .225, doubt we get there again, but I will carry this trade into physi if I must.

There is a reason Centaurus is the king of gas. I don't think they get run over on a squeeze as I believe they have length on the curve as a hedge. Everyone knows when we deal with the storage crisis, it will become a buy the dip market. My bet is Cent is long cal 10's or someting along those...

For all those inflation bugs- IS BOOMING MONEY SUPPLY REALLY INFLATIONARY? Not when you are in a liquidity trap, which is where we are. The problem with the Fed's monetary experiment is that the money supply boost is still not circulating through the economy but rather sitting on bank...

I hate trading physical gas, but if I have to, I will take this into physical. I will hopefully get a chance to ring the register before settle though.

I forgot to post on Friday, I added to my +N/-Q position, put it on at .225. Am working another piece at .225 today, not sure if I will get that now, may have to go in at .20ish. Still like this trade to .10 at some point.

When I am alone, it is emotionless other than a smile or frown, but when I'm at the office on the trade desk, we (as in all the traders at my shop), do the Howard Dean scream as our celbration for a big hit. It's the part at the 19-second mark! <object width="425" height="344"><param...

Friday, June 12, 2009 Zero Hedge Exclusive: Is State Street Trading For Federal Accounts? Posted by Tyler Durden at 9:54 AM Zero Hedge has always been fascinated by the behemoths of securities lending (or not so much lately) State Street and Bank Of New York: these firms, which allegedly...