I went long NG H/J thinking we are still in the 2000s or 2010s and G/H is just a precursor to what will happen on H/J. But with global warming, march is hotter and G/H is becoming the widowmaker. You can forget historical datas on those 2 spreads, they aren't relevant anymore IMO.
Winter ain't over yet. It sux that Biden just put a ban on LNG exports to Asia, or something like that.../But talk about a volatile instrument!
Good stuff, yes?