what's with UNG and BOIL today?

BOIL's supposed to be a 2x version of UNG

 

UNG is currently holding January contracts while BOIL is holding March contracts.

 

I see. Pretty big backwardation at the moment.

 

I missed boil but nailed the kold afternoon bounce

For extreme etf action also see YINN yang today

 

Love that natgas action these days. Intraday momentum heaven.

 

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LOL , KC=Check out the monthly charts from 2009, both yinn[+ yang bear x3] are downtrending.
YANG had a good monthly run from valley $14 to peak $48. I caught some good from that mo move;
but stopped trading it, loss part of P&L was too wild, over time .
[OIL + GAS ETN/OILD split10 to 0ne, so IBD + SCHW called a 9.95% weekly gain /995% gain for some time before thy corrected it. Nota prediction, for educational purposes only]

 

Just checking:

UNG:

The Benchmark is the futures contract on natural gas as traded on the NYMEX. If the near month contract is within two weeks of expiration, the Benchmark will be the next month contract to expire. The natural gas contract is natural gas delivered at the Henry Hub, Louisiana.

BOIL/KOLD:

Bloomberg Natural Gas Subindex:

This index provides an unleveraged investment in natural gas futures contracts on the Henry Hub plus the rate of interest that could be earned on cash collateral of Treasury Bills. The index will use a predetermined roll schedule that will move expiring contracts into contracts that are two months out then holds the contracts for two months.

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I'm surprised that BNGS is in March now, not February. But good to know!