Velocityshares 3X Long Natural Gas ETN (UGAZ)

[Rock_nj]

Perhaps the 2nd week of November, given the fact that it will roll into the Jan 15 contract over 5 days during that time frame. At this point the Jan 15 nat gas futures contract is 2% more than the current Dec 14 one that UGAZ holds, which will cause a 2% price decay, if it holds. Check this page for the progress of the rollover: http://www.velocitysharesetns.com/ugaz The pie chart will update by 20% each day for five days, until the roll is complete into Jan 15 futures.

Of course, other factors, such as weather will push UGAZ around over the next couple of weeks. It doesn't look too cold to me until the early part of December. November looks like seasonably cool weather over most of the U.S. at the moment.