RE:RE:RE:RE:congrats to bullsYes congrats U, nice win on report where spread size of price move was the surprise and U prize. Congrats to my fellow B.B. posters on being great gracious posters on the congrats from D. In perspective just a trade and no one wins every trade if trading Natural Gas.
I agree reed with Mayor, price builds in on Etf in relation to futures. Futures price rises to high, The puts overwhelm as puts lock in profits. However, Momoney Bob, yes the bulls in control and this despite real good D bounces ahead, the spot can steadily rise pulling the UGAZ higher and higher.
Bottom line good D profit bounces have occurred but we are trading against obvious trend toward summer at this time. In July 3.50 May be close to July high.
we are now due for a 6% plus D bounce, where is entry. When and if it comes, also sell and trade the inverse side.
Conclusion, never trust reliability of the seasonal expectation just trade reality what is occurring. Now all we need is reliability a 110bcf injection can move Dgaz to $28. So no complaints take losses off go for profit.
Read more at https://www.stockhouse.com/companies/bullboard?symbol=t.hnu&postid=28035201#rWLzoJRlsLR9xzEV.99
Posted May 15th., and yes, would take U profit right now and buy some D at $24.25 plus, as recent history shows U will sell and D will bounce.
I am buying now D as production will rise to take in as much cash flow as possible filling storage shortfall.
Glta, very busy weekend, off for day, enjoy long weekend Cheers Manxcan