Replies to post #16904 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[surehands]

No daily charges. However UGAZ decays and contango end of the month futures roll over will bring UGAZ down if contango is in place. Read sticky in DGAZ board concerning contango. Some traders trade in and out of NG. More experience traders buy NG at the end of draw season (See seasonality chart) and hold to the beginning of next injection season or thereabouts.

UGAZ is a buy now and a sell in June. You will need to watch end of the month contango to see if you want to flip 1/2 or 100% of your position is you think contango will bring UGAZ down a bit.


Thats my story.

GLTU