The dreadful UNG responded in kind, as bizarre as ever:
March 5 calls are going for 0.32, very attractive at this point (in spite of the underlying ETF)!)
However, note that there is still contango, and please do read the alternative here.
Thursday, February 17, 2011
Huge drawdown in natural gas: UNG attractive for March
The latest natural gas storage figures showed a massive drawdown of 233Bcf. These is the latest chart, note how the lower 5-year average channel is about to be pierced:
The dreadful UNG responded in kind, as bizarre as ever:
March 5 calls are going for 0.32, very attractive at this point (in spite of the underlying ETF)!)
However, note that there is still contango, and please do read the alternative here.
The dreadful UNG responded in kind, as bizarre as ever:
March 5 calls are going for 0.32, very attractive at this point (in spite of the underlying ETF)!)
However, note that there is still contango, and please do read the alternative here.
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