Just put more +Z/-F back on here at -.358. Market is SOOO contango, you have to incintivize gas out of storage, cash has to be much stronger to do this.
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Nat Spreads
- Thread starter PAPA ROACH
- Start date
Quote from CET:
Papa,
It appears some cooler weather is coming the early to mid part of this coming week, although it does not appear that it will last longer than 3-4 days. If you see anything significant weather wise, any updates would be appreciated. TIA.
Forecasts are all over the place, keep showing cold in the 11-15 day, and that keeps staying in the 11-15, never seems to progress into 6-10. But keep in mind that climatology has fallen considerably and will continue to do so into january, so even normal to above will get spot demand going relative to Nov demand. This Z/F spread is too wide for cash, so I would expect it to tighten in by expiry tomorrow, if not, this is one I will gladly take into the aftermarket.
Papa: how about the widowmaker? you still have it on?
+h/-j seems to be just under a nickel these days...
+h/-j seems to be just under a nickel these days...
Few things here, first, I added more +Z/-F at .32, today is expiry on this.
Also, overnight I closed out my -F/+G at .097, for a +.025 profit, and closed out my -V/+X at .445 for a +.095 profit. I still like both of those trades, however I feel I can get them back on again at a tighter price (obviously I am looking for some upside in the market soon).
Also, overnight I closed out my -F/+G at .097, for a +.025 profit, and closed out my -V/+X at .445 for a +.095 profit. I still like both of those trades, however I feel I can get them back on again at a tighter price (obviously I am looking for some upside in the market soon).
FYI, I am taking the +Z/-F into close, going to trade that in the spot for Dec, I believe it will provide more bang for the buck as I believe cash will trade over F several days within the month.
Good luck all.
Good luck all.
Initiating a play here, +F/-J at .13, working more at .14. This is a bull spread I'll play short-term and has a nice smooth chart.