If I think Gas Will Be 4.50+ On July 4th What Should I Do?

Discussion in 'Commodity Futures' started by DrAtomic, Mar 12, 2008.

  1. DrAtomic


    Can anyone help a newbie understand? I want to buy a July contract but don't know where to start. :confused:
  2. Buy a bicycle or moped.
  3. so you would probably buy RBQ08, August delivery nymex gasoline. The spreads are decent enough for that timeframe.. pretty straight forward
  4. LMAO :)
  5. webbma


    fill up?
  6. DrAtomic


    Thank you for the help Avid Consumer. :)
  7. Daal


    gas ETF
  8. I wouldn't touch the RBOB if I was a newbie. The swings can be wide and scary for a newbie. Best to trade the ETF.
  9. lol sure thing. do know what you're getting into.

    it's a thin volatile contract with a very small $4.20 tick, ticks in 10,000ths (hundredths of a cent). kind of an expensive contract, $114,000. you should expect it to fluctuate by $2000-5000 on an average day if you seriously intend to try and position for july
  10. Has anyone besides me noticed that with the continue rise of the RBOB, and i mean a huge run up with crude, the price of gas in my city has been relatively unnaffected. Somehow I think with the RBOB at these levels, gas at our pumps should already be at $4.50. Price manipulation perhaps.

    Am I the only one who's noticed this?
    #10     Mar 12, 2008