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larryfromidaho

11/19/09 11:11 AM

#61906 RE: gtober #61897

Thanks Gtober. I have been playing crude short but not UNG. In fact, I own UNG at higher prices but sold longer term calls against the position. Have been thinking about buying back calls and adding to position at some point but still not convinced this is the right place. If our "illustrious" government would stop this green at any cost policy that they are promoting, natural gas could get a huge lift. Unfortunately, we have more than just market pressures to deal with. Good luck.
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choad

11/19/09 1:09 PM

#61915 RE: gtober #61897

The reduced level of contango going out should also reduce the negative impact on UNG moving out the curve.....maybe.