Nat Spreads

can you help out? For a speculator:

What are the initial spread margins for 1 Nat Gas spread contract for say:

Jan10 vs any of Feb 10-June 10

or:

Jan10 vs Sept 10-beyond?

went to www.cmegroup.com and was extremely difficult to understand...also, seems like the the front month vs next 7 months were not there for spreads...thanks for your help
 
Quote from increasenow:

can you help out? For a speculator:

What are the initial spread margins for 1 Nat Gas spread contract for say:

Jan10 vs any of Feb 10-June 10

or:

Jan10 vs Sept 10-beyond?

went to www.cmegroup.com and was extremely difficult to understand...also, seems like the the front month vs next 7 months were not there for spreads...thanks for your help
More...

NYM [1-NATURAL GAS(NG)/T1] vs [1-NATURAL GAS(NG)/T2] 56% 5737.5000 4250.0000
NYM [1-NATURAL GAS(NG)/T1] vs [1-NATURAL GAS(NG)/T3] 42% 7425.0000 5500.0000
NYM [1-NATURAL GAS(NG)/T1] vs [1-NATURAL GAS(NG)/T4] 56% 5400.0000 4000.0000
NYM [1-NATURAL GAS(NG)/T1] vs [1-NATURAL GAS(NG)/T5] 63% 4387.5000 3250.0000
NYM [1-NATURAL GAS(NG)/T1] vs [1-NATURAL GAS(NG)/T6] 63% 4050.0000 3000.0000
NYM [1-NATURAL GAS(NG)/T1] vs [1-NATURAL GAS(NG)/T7] 45% 5737.5000 4250.0000
NYM [1-NATURAL GAS(NG)/T1] vs [1-NATURAL GAS(NG)/T8] 53% 4725.0000 3500.0000
NYM [1-NATURAL GAS(NG)/T1] vs [1-NATURAL GAS(NG)/T9] 53% 4725.0000 3500.0000


Or you can use:
http://www.rjobrien.com/corp/Margins.php
 
Quote from Speciaul_K:

NYM [1-NATURAL GAS(NG)/T1] vs [1-NATURAL GAS(NG)/T2] 56% 5737.5000 4250.0000
NYM [1-NATURAL GAS(NG)/T1] vs [1-NATURAL GAS(NG)/T3] 42% 7425.0000 5500.0000
NYM [1-NATURAL GAS(NG)/T1] vs [1-NATURAL GAS(NG)/T4] 56% 5400.0000 4000.0000
NYM [1-NATURAL GAS(NG)/T1] vs [1-NATURAL GAS(NG)/T5] 63% 4387.5000 3250.0000
NYM [1-NATURAL GAS(NG)/T1] vs [1-NATURAL GAS(NG)/T6] 63% 4050.0000 3000.0000
NYM [1-NATURAL GAS(NG)/T1] vs [1-NATURAL GAS(NG)/T7] 45% 5737.5000 4250.0000
NYM [1-NATURAL GAS(NG)/T1] vs [1-NATURAL GAS(NG)/T8] 53% 4725.0000 3500.0000
NYM [1-NATURAL GAS(NG)/T1] vs [1-NATURAL GAS(NG)/T9] 53% 4725.0000 3500.0000


Or you can use:
http://www.rjobrien.com/corp/Margins.php
More...
thanks for trying to help...honestly, something seems wrong here...these seem really high. Check this out http://www.cmegroup.com/wrappedpages/clearing/pbrates/performancebond.html?group=NYMEX CRUDE PRODUCTS&type=IntraCommodityRates&h=2&reporttype=marginrate

even these spread margin rates for the CL crude oil are way lower than the RJobrien...hmmmm
 
PAPA,

Been one helluva ride in H/J eh? Do you adjust your exit price based on the margin you post on a trade? Or do you just come in with a price in mind and hold until a particular stop out or until your price gets hit?
 
Quote from bt116:

PAPA,

Been one helluva ride in H/J eh? Do you adjust your exit price based on the margin you post on a trade? Or do you just come in with a price in mind and hold until a particular stop out or until your price gets hit?
More...

For that particular trade, I put it on in July this year as a lottery ticket kind of trade, based on assumptions for a changeover in fundamentals to a more bullish look (decline curve, possible industrial dem pickup, etc etc). So I have treated that spread as such, still a lotto ticket. I am working GTC orders at like .55 and .75, just bait in the water for an overnight fat-finger really. I am encouraged a little on the spread at the moment with this weather and potential for a string of big draws in the coming weeks.

On a side note, I have NEVER seen natty trade for so long inside of a penny from the high, without making a new high. Look at a one minute chart over the last 2 hrs, look at all the time it spent between 5.485 and the high at 5.495, amazing. I think there is a concerted effort to keep the top on this at the moment, rumor has it that a fund is VERY short overhead call strips, which I do believe to be true. Feel they are trying to do damage control and keep it contained long enough to trade out of a few things. The underlying dynamics right here look pretty positive to me for a short squeeze higher still.
 
crazy-man.jpg
 
If anyone has an estimate of the draw today from storage, please share. I saw an estimate yesterday of 176 BCF, which I thought was high. It also appears the weather will still be below normal for the next few weeks. Any comments on this would also be appreciated. TIA.
 
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