Stay warm everyone and get ready to load up on the BOIL call spread sales! LOL

According to Bloomberg, cold weather has skyrocketed spot prices at the US Henry Hub in Louisiana by 300% to as high as $17 per million British thermal units. That compared to $3.31 for the Feb NatGas contract on Friday.

The catalyst for soaring spot prices is the mounting risk of so-called freeze-offs, which can bring NatGas production offline, thus curbing supplies.

https://www.zerohedge.com/commodities/polar-blast-sends-power-prices-soaring-spot-natgas-ripping-and-risk-freeze-offs