Thanks. I'd sure like to be able to capture some downside but from where I thought this might happen but not this big kinda stumped now It's looking like everyone wants a piece of the long trade. /ng vs spot momentum reset would be cool right about now but it's not looking like "from today"
I almost took a dgaz position @ /ngX7 3.20 and call it .20 over spot exuberance, being so close to expiration. But was afraid I'd be a nickle off with /ng printing 3.15 at the same time. +/- .05 contango now
Will study the possibilities after today's spot is posted
As much as I'd like to see 3.02 I'm seeing 3.07 as a floor unless some serious selling takes place and that kinda spooks my short desires.
Just thinking out loud. Thanks for all your input. Yes I don't do well in the heat either... stay hydrated bud
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