RE: RE: RE: Put Action...The NAV of UNG is at 11.35 today just .40 off the trading price. I guess I will take off my prediction of 5% in October. the gap is closed.
The talking heads complained about the spread, now they may complain about the amount UNG buys but the basket approach was what the feds agreed too so i think the worst is behing UNG.
UNG should start to move at the same % as the New York spot. Man they closed that gap quickly, 3 days after the basket announcement.
You are right about October, it is the last month of the injection season. But and its a BIG BUT, (serena williams size) The price of NG is still low very low when compared to years past.