RE:RE:Cobalt and FriendsCobalt wrote: masfortuna wrote: quick question for anybody here. I bought some HNU las Thursday as I expect a bounce in natural gas. Natural gas is up 5% today and was up 3% yesterday and yet HNU is down 3% today and trading below nat. gas prices atthis point. If this is DOUBLE leveraged to the price of Nat. gas , why is it down? Am I missing something?
Can get weird moves when the contrat rolls over to the next month if that month is lower i would look there
Long HNU right now you are long March, not February.
The roll from prompt to prompt+1 happens 4th(50%), 5th (25%), 6th (25%) business day each month.