E ess1096 Nov 26, 2008 #1 Seems set up for a nice trade. NG is trading below the Oct 10 low while the $XNG is well above it. Don't know which way the gap will close but It will close eventually.
Seems set up for a nice trade. NG is trading below the Oct 10 low while the $XNG is well above it. Don't know which way the gap will close but It will close eventually.
E ess1096 Nov 26, 2008 #2 Here is a visual of it............. Attachments ng spread.jpg ng spread.jpg 77.1 KB · Views: 153
E ess1096 Nov 26, 2008 #5 Quote from HLB: how do you play ^XNG? You can't short index outright... More... I personally use options on one or more of the components of the index. For example, one of my accounts has UNG calls and SWN puts. Or you could just use options on the index itself (sell calls or buy puts).
Quote from HLB: how do you play ^XNG? You can't short index outright... More... I personally use options on one or more of the components of the index. For example, one of my accounts has UNG calls and SWN puts. Or you could just use options on the index itself (sell calls or buy puts).
