Jeff 11:30 am on Monday, November 5, 2018
Tags: ContangoETFs ( 446 )

Another BOIL

#ContangoETFs Sold $BOIL March 50 call for 4.15

jsd501 11:40 am on Monday, November 5, 2018

I am waiting for a cold weather spike to sell the calls.
- fuzzballl 11:52 am on Monday, November 5, 2018
  
  Looks like it’s coming…
  
  https://www.naturalgasintel.com/articles/116362-incredible-amount-of-heating-demand-in-forecast-sends-natural-gas-futures-surging
Ramie 11:48 am on Monday, November 5, 2018

That’s a big move today! Followed for 4.10. Thanks.

I think we’ll likely see some higher strikes this week. Maybe even tomorrow.
Nick 12:02 pm on Monday, November 5, 2018

Grrrrrr. BOIL is kicking my butt. Rolled my Nov 40 to Dec 45 for .40cr and Nov 45 to Dec 50 for .40cr. I’ll wait for higher strikes to add in Jan and Mar.
fuzzballl 12:05 pm on Monday, November 5, 2018

Looking at possibly buying UNG puts out in the spring and selling against them. Shorter term I think they could still be covered just selling monthly against them…

UNG Split History Table
Date Ratio
03/09/2011 1 for 2
02/22/2012 1 for 4
01/05/2018 1 for 4
- Option Iceman 12:08 pm on Monday, November 5, 2018
  
  This comment was deleted.
  - fuzzballl 12:09 pm on Monday, November 5, 2018
    
    Exactly…that’s why I threw the split history in the post. It has doubled a couple times in the last few years but then collapses spectacularly. Up about 50 percent off it’s lows now.