The straddles seem like a good risk. I'm kind of talking myself out of buying BOIL. While I still like the fundamentals of natgas long term, I would expect a rather long bottoming process. KOLD and BOIL are great during steep moves, not so much for a long bottom. And the unlevered natgas etfs all send out K-1s, which are such a pain. I'll keep thinking about it. Don't do straight futures much these days, so I may just steer clear altogether.
I successfully traded in and out of both SD and SBOW on the way up, but when I started hearing the outlandish price projections and then Freeport shutdown, it seemed like the mania was in trouble. I sold and didn't buy back again. Didn't buy any KOLD tho, dang!
Good luck on the straddles!
