Velocityshares 3X Long Natural Gas ETN (UGAZ)

[researcher59]

I am long NatGas, but primarily it's directly in NG futures and especially futures options .... generally I avoid going long UGAZ or DGAZ due to the severe decay they experience over time (especially UGAZ). I currently have a small long position in UGAZ in my IRA because they don't offer futures options trading in that account. I may close out the position depending on whether or not a significant discount to NAV develops.