Nymex QG question..

Hi All,

Just wanted to confirm a few things about the QG: (http://www.nymex.com/QG_spec.aspx)

1) is it really $25 per .005 move?

2) where is the best fundamental information source for QG? What website has the most news about QG/QM? I know QM has inventory reports Wednesdays.. does QG as well? Are there any other big market movers for QG?


Thanks for your time,

 

Nat Gas storage stats are on Thurs 9:30 Cst.

 

What website do you usually check to see this? How close to real-time is it?

 

You can get it off of various newsfeeds. I don't know of a website that has it realtime. The market is pretty wide at the time of release so I don't know how much use it will be to you.

 

dude ... trading QG is like going to casino and using

$1000 chips ... if you need the rush of quick wins
losses in your P+L try QM ( 1/2 size crude ) instead ... in SMALL size until you get it right

:eek:

 

Yes, $5000 per $1 move in in QG

http://tonto.eia.doe.gov/oog/info/ngw/ngupdate.asp

 

If you want the best advice - this is it.

The QM, however, is quite volatile, and bounces around like a super-ball. Can be scary if you have a decent sized trade on. A small move can cost a lot. I think with 8 QM contracts (the multiplier is 500) each tick represents $100. But it can run against you - AND QUICKLY.
Once you place an order, you can get scalped by big money faster than you can enter a stop, so be careful. Trade in heavy trends if you can, but be prepeared to bail when things flatten out.

 

I hv checked NYMEX website.

It should be $12.5 per move (0.005). So the multiplier is $2500 ($12.5/0.005). thx.