Closed out this last piece at .129, a .036 profit. All flat N/Q now, the trend has stopped coming in, and now that we are in day 1 of bidweek, I am unsure if cash will be a dime back for next month.
Re-entering -V/+X again here, first tranche of a new position in at .629. Again, all the same setup as before, more of a storage operational issue for this play than anything.
And just added my final piece to this position at .145, feel the door has pretty much closed for anything tighter. This spread should have at least a dime in it over the next two weeks.
Adding another layer at .64 This spread has the potential to be HUGE, all dependent on storage availability of course.
Natural gas spreads - short one month and long the other (or long/short). The letters are the month codes for the futures contracts. Read thru the thread and it'll start making more sense (the "what they are part", not necessarily the "how to trade them part" - still figuring that out myself).
^what he said. read the whole thread. one of the best ones on this whole forum. N, Q, V & X refer to July, August, October and November months of natural gas futures.