Just put more +Z/-F back on here at -.358. Market is SOOO contango, you have to incintivize gas out of storage, cash has to be much stronger to do this.
Forecasts are all over the place, keep showing cold in the 11-15 day, and that keeps staying in the 11-15, never seems to progress into 6-10. But keep in mind that climatology has fallen considerably and will continue to do so into january, so even normal to above will get spot demand going relative to Nov demand. This Z/F spread is too wide for cash, so I would expect it to tighten in by expiry tomorrow, if not, this is one I will gladly take into the aftermarket.
Papa: how about the widowmaker? you still have it on? +h/-j seems to be just under a nickel these days...
I do, that one is just tucked into a safe for the time being, it is more of a play on contango and storage dynamics late feb.
Few things here, first, I added more +Z/-F at .32, today is expiry on this. Also, overnight I closed out my -F/+G at .097, for a +.025 profit, and closed out my -V/+X at .445 for a +.095 profit. I still like both of those trades, however I feel I can get them back on again at a tighter price (obviously I am looking for some upside in the market soon).
FYI, I am taking the +Z/-F into close, going to trade that in the spot for Dec, I believe it will provide more bang for the buck as I believe cash will trade over F several days within the month. Good luck all.
Initiating a play here, +F/-J at .13, working more at .14. This is a bull spread I'll play short-term and has a nice smooth chart.
Hope not to get stinky fingers. The ones I cashed in yesterday have all reversed, so I picked a great exit on those (so far).
I hear ya but today looks pretty supportive from a technical POV. Fundamentals aside, maybe we give back half of today's move on Friday to consolidate and resume higher? Either way, looks like its attempting a bottom in the nearbys somewhere in here.