Natural gas looking like MEME stock!

You must think selling into this is a creative idea. Here's a fund that just got wrecked being short,

 

It's not ron ozers's money. Timely post but what else is new about the hedge fund world.

 

I chuckled a bit...Selling Natty at 6 is like shorting VIX at 16.
We're at 60% implied vols average, NOV is at 70 for the ATM and puts are still favoured over calls by 6 vols.

If it was at 14, vols at 90% with skew to the call side, I'd think about selling some call spreads or 1x2s. But this still looks like a vol sellers market where somebody is gonna get his skull cracked once this is a runner.

Also think about the situation in EU where the NatGas situation looks grim due to the Nord Stream 2 situation. For me definitely NOT a short

 

The move in oil is contributing to the move in NG, but the EU situation is the main cause. Heating bills could be outrageous this winter if things don't improve on the price.

 

When it rains it pours. Forget about global warming. It will be an unusual cold winter. Prices will fly high.

 

Sure the Fed is printing, but do you even know what is going on in Europe?

 

Enlighten us from the cosmopolitan capital of Europe.

 

Lol, the rednecks XD Europe is a continent...it doesn't have a capital.

 

metaphorically speaking.

 

Thanks! Crushed kold from 6.4 premkt long.