Natural gas looking like MEME stock!

Discussion in 'Commodity Futures' started by S2007S, Sep 28, 2021.

  1. You must think selling into this is a creative idea. Here's a fund that just got wrecked being short,
     
    #11     Sep 28, 2021
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  2. zdreg

    zdreg

    It's not ron ozers's money. Timely post but what else is new about the hedge fund world.
     
    Last edited: Sep 28, 2021
    #12     Sep 28, 2021
  3. MrMuppet

    MrMuppet

    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.
    upload_2021-9-28_15-2-19.png
    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
     
    #13     Sep 28, 2021
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  4. CET

    CET

    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.
     
    #14     Sep 28, 2021
  5. zdreg

    zdreg

    When it rains it pours. Forget about global warming. It will be an unusual cold winter. Prices will fly high.
     
    Last edited: Sep 28, 2021
    #15     Sep 28, 2021
  6. tsznecki

    tsznecki

    Sure the Fed is printing, but do you even know what is going on in Europe?
     
    #16     Sep 28, 2021
    ITM_Latino likes this.
  7. zdreg

    zdreg

    Enlighten us from the cosmopolitan capital of Europe.
     
    Last edited: Sep 28, 2021
    #17     Sep 28, 2021
  8. MrMuppet

    MrMuppet

    Lol, the rednecks XD Europe is a continent...it doesn't have a capital.
     
    #18     Sep 28, 2021
  9. zdreg

    zdreg

    metaphorically speaking.:D
     
    #19     Sep 28, 2021
  10. KCalhoun

    KCalhoun

    Thanks! Crushed kold from 6.4 premkt long. :D
     
    #20     Sep 28, 2021
    S2007S and formikatrading like this.