The decline in natural gas prices looks overdone to me. We've had a warmer than average winter across much of the globe pushing prices down, but I think prices look ripe for a bounce. Using the ProShares Ultra Bloomberg Natural Gas ETF, BOIL I'm going long here. BOIL does issue a K1 so I'm buying call options to avoid having to deal with the K1 at tax time. Going long the March $13 strike for a price of $3.10.
Trade active
This trade has gotten me killed so far. Still holding out for a price spike, but I don't know how much longer. May have to close soon and admit defeat.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.