Nat Gas news

[cdcaveman]

Quote from ogarbitrage:

You might be able to RFQ it on Globex. If you ever want to trade that or looking for liquidity on anything across the complex, PM me and I can have a market maker try to accommodate.

to much margin for me...

 

[cdcaveman]

Quote from cdcaveman:

to much margin for me...

ahh maybe theres a smaller version of this style bull spread..

 

[ogarbitrage]

Oct/Jan is a popular spread for longer term trends. You can also trade something like a Dec13/Dec14 or Oct13/Oct14 spreads, etc.

 

[cdcaveman]

Quote from ogarbitrage:

Oct/Jan is a popular spread for longer term trends. You can also trade something like a Dec13/Dec14 or Oct13/Oct14 spreads, etc.

these are definitly term structure plays as well as directional plays.. i'm sure the closer you get to the front the more your trade correlates with direction of the underlying..

 

[Maverick74]

You can buy the first 12 month strip via etf in UNL.

 

[cdcaveman]

Quote from Maverick74:

You can buy the first 12 month strip via etf in UNL.

unles theres a longer term tracking etf.. you can short , then thats a different trade.. is the roll cost significant in UNL?

 

[Maverick74]

Quote from cdcaveman:

unles theres a longer term tracking etf.. you can short , then thats a different trade.. is the roll cost significant in UNL?

What do you mean? It is a long term tracking ETF. The calendar basis in nat gas varies. The monthly strips are pretty tight now. That was NOT the case when natty was down at 1.90. The curve was pretty steep. Now it's much flatter so UNL won't cost much to hold.

 

[cdcaveman]

Quote from Maverick74:

What do you mean? It is a long term tracking ETF. The calendar basis in nat gas varies. The monthly strips are pretty tight now. That was NOT the case when natty was down at 1.90. The curve was pretty steep. Now it's much flatter so UNL won't cost much to hold.

thats what i meant.. i was askin about the cost of carry in the UNL.. i'm not sure about it.. plus its had a good run up.. i'll revisit on a retrace..

 

[Maverick74]

Quote from cdcaveman:

thats what i meant.. i was askin about the cost of carry in the UNL.. i'm not sure about it.. plus its had a good run up.. i'll revisit on a retrace..

There is very little contango right now in gas. Almost zero cost to hold it.

 

[cdcaveman]

Quote from Maverick74:

There is very little contango right now in gas. Almost zero cost to hold it.

yeah its had a good run to..