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Buy march sell april anyone?? ;-)

"The market weakness was bought late day by the fund strategy I had outlined in this post. I think tomorrow could be a day we at least re-test the 6.84 area from Wednesday. 6.955 is the minimal retracement from here, however I feel we could could easily get to the 7.16 area. From there all eyes...

Who's your broker?

Looks like scriab's #2 came into play on Friday with short sellers running for cover on top of the Saudi terror plot foil. I definitely agree with the OP that the fundamentals point to a bearish situation for the June NG contract, but if you look at CLM6/NGM6 and CLM7/NGM7 contract it's clear...

Comanche mentioned options expiring today I did see pinning occur with AAPL in December, IIRC it was pinned to $90 to maximize the number of puts and calls expiring worthless. How do you get energy option quotes? Interactive Brokers does not have them :( I thought they were floor...

Thank you. There was a study I ran across in the NY Times which concluded that pinning was occurring with equity options. Look at all the covering the last two minutes of floor trading, from 100 contracts a minute to 1,500 contracts!!!, those punks waited until the last two minutes of floor...

How do put/call options create resistance/support? I read that call options create resistance and puts create support but I don't see how they do that. If most of the call options are covered, I could see the rightholders exercising the option and selling the delivered shares or contracts...

i'm in feb outright averaged to the lower 6.90's. Hmm tomorrow is expiry for the minys and monday for the full sized, gotta roll over to march, wonder what effect expiration will have? Nearest month outrights should move up the most %-wise since the weather changes are most pertinent to the...

Take a gander at the market depth. Look at the 56 contract size BID at 6.903 on NGG7 Is that the fellow you were talking about Comanche? Why the hell would someone use such a strange number of contracts? Why would someone want people to know what he's doing? Isn't the whole idea to...

Good to see you back Comanche, was worried you had left... If those numbers you post pan out we will be below the 5 year average in two weeks. Monday afternoon I am not only seeing the orthodontist for some torturing, but I'm getting my wizzies pulled afterwards. They are giving me...

$7.05 is the magic number Make that $7.05 and $0.000 for the spread I smell a bear trap

Still sitting on my hands. Comanche, any info as to whats happening? Looks like buy on the rumor sell on the news. I still expect pre-weekend short covering though so I will likely re-enter before tomorrow noon time,

We'll likely eliminate the year-over-year surplus, but if I recall, last year was a particularly bad year (low withdrawals), so I don't think that is saying much. Versus the 5 year average we have a 490 BCF surplus; versus last year we have a 360 BCF surplus. If we average 110 BCF draws...

Still sittin on these crude contracts. Natural gas is in the 7.30's :-) Report tomorrow would be supportive of natural gas, but perhaps we've gone too far too fast? Those transco numbers are insane, a high of $30 for the day?

Talk about getting out by the hair on your chinny chin chin, average price of $7.529, got out at $7.535. I'm going to be a cheapskate this time and wait for the 7.30's. Comanche, any particular prices look appealing for re-entry to you? Crude rebounded to $55 on some light volume, I think...

Our spread has retreated to - $400 to - $500, wonder if I should take it right now. The DOE Crude Oil report was somewhat bearish with builds in crude, a large build in gas, and a small build in distillate, all builds larger than expected. I averaged down @ $7.40 this morning on the...

Someone blasted the bid just before 12:30 AM. Was that you, heh. I bought some feb outright at $7.635 (probably the stuff you sold, hah), will average down some tomorrow.

Hardest thing to do when you're in a hole is to stop digging? I hope those fund mount a defense of March like they did yesterday (good call, I had no idea what was happening at the time). I might have sold a bit too early, I'm seeing +$850 now on the spread. I'm waiting here in the bushes...

Booked the short spread at -$600 per spread from +$330 per spread, booked the outrights at $7.60 from $7.40. I'm going to try and re-enter around $7.50 overnight. Comanche, good call, yet again, on the crude run up. What are you going to buy with all that money you made the last week? A...

Look at the funds puke up the short march/long april spread with little change on the underlying!!! Have they capitulated? +0.02 April over March to -0.04 April over March in 1 hour!! My god! Look at it! It's a complete collapse from +0.06 yesterday