Nat Spreads

[day4night]

On the GS +clv9/-ngv9 tip again, maybe the long WTI leg could protect against hurricanes?

 

[PAPA ROACH]

Quote from PAPA ROACH:

I have added my second of three tranches of the +N/-Q at .165

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.

 

[PAPA ROACH]

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

 

[PAPA ROACH]

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.

 

[PAPA ROACH]

Quote from PAPA ROACH:

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

And just added my final piece to this position at .145, feel the door has pretty much closed for anything tighter. This spread should have at least a dime in it over the next two weeks.

 

[PAPA ROACH]

Quote from PAPA ROACH:

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.

Adding another layer at .64

This spread has the potential to be HUGE, all dependent on storage availability of course.

 

[Nexen]

Quote from PAPA ROACH:

Adding another layer at .64

This spread has the potential to be HUGE, all dependent on storage availability of course.

Can you please state what Q/U and V/X
are ?

Thank you

 

[fortunatti]

Quote from Nexen:

Can you please state what Q/U and V/X
are ?

Thank you

Sort of ironic...his name is Nexen

 

[AmbushHillbilly]

Quote from Nexen:

Can you please state what Q/U and V/X
are ?

Thank you

Natural gas spreads - short one month and long the other (or long/short). The letters are the month codes for the futures contracts.

Read thru the thread and it'll start making more sense (the "what they are part", not necessarily the "how to trade them part" - still figuring that out myself).

 

[texrex2002]

Quote from AmbushHillbilly:

Natural gas spreads - short one month and long the other (or long/short). The letters are the month codes for the futures contracts.

Read thru the thread and it'll start making more sense (the "what they are part", not necessarily the "how to trade them part" - still figuring that out myself).

^what he said. read the whole thread. one of the best ones on this whole forum.

N, Q, V & X refer to July, August, October and November months of natural gas futures.