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NAT GAS THREAD - stocks futures chat - Page 11

post #201 of 996
Thread Starter 
nice looking 2.50 once again...nice comeback today
post #202 of 996

Nice bounce off/near this month's POC (2.448)

2.4 was April and March's buyers auction that never came to fruition

seems to be valid for the moment. 

 

Still golden above 2.25 (this month's buyers auction)

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post #203 of 996
Thread Starter 
2.57 today looks strong
post #204 of 996

im thinking of jumping on this Nat gas ride. gotta pick my spots but i think it heads up to 3.00 without much trouble

post #205 of 996

actually a long trade right here should be an easy move to 2.68 into tomorrow

post #206 of 996
Thread Starter 
2.69 and strong wink.gif
post #207 of 996
Thread Starter 
Quote:
Originally Posted by cire2222 View Post

im thinking of jumping on this Nat gas ride. gotta pick my spots but i think it heads up to 3.00 without much trouble
yep...and will see 4.00 as well ....just doesnt have to be quite so quick lol...but i guess i'll take it and be real happy
post #208 of 996
Thread Starter 
2.75 looks real nice ...got here much quick than i expected but okie dokie wink.gif
post #209 of 996
Thread Starter 
back at 2.70 early today...im happy with anything over 2.60 at weeks end...the more the happier of course wink.gif
post #210 of 996

monthly dynamic POC at 2.5

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post #211 of 996

weekly chart running into resistance (bottom chart)

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post #212 of 996

I'm tailing natty gas futures via UNG ..... been in UNG 22.00's June calls, but I'm having a hard time determining whether to hold here.  There's been clearly a lot of supply at these levels over the last 4-5 days. Not surprising given Ichi's monthly chart.  I know that on my daily a new POC has formed up here in the 19's (resistance) when before it looked to have broken POC at the 17.00's. The only thing that's kept me hanging on is how big they've bought up the dips.  Alas, these calls decayed quite a bit over these first 3 days of the new options period.  Amazing to me because I was up 45% on these calls on Friday, but right now I'm only up 10%.

post #213 of 996
Thread Starter 
still sems like a decent play...its pullbacks have been minor and short lived...again today...down early and coming back as day wears on
post #214 of 996
Quote:
Originally Posted by kevin1612 View Post

still sems like a decent play...its pullbacks have been minor and short lived...again today...down early and coming back as day wears on

 

That's what has gotten confusing.  They have violently bought the dips, but they have not done well to hold any of the highs of those "dip buying" days in the last week.  The other thing is the decay on these calls.   I get a sense that there is some serious supply in this area.  Quite the battle.

post #215 of 996
Thread Starter 
inching higher still
2.72+
post #216 of 996

Volatility shook me out today.  This is one crazy cookie right now.  There's a lot of supply but there's somebody willing to buy it up on the big dips.

post #217 of 996
Thread Starter 
Quote:
Originally Posted by Rock Sexton View Post

Volatility shook me out today.  This is one crazy cookie right now.  There's a lot of supply but there's somebody willing to buy it up on the big dips.

they are good in my book wink.gif whoever they are
post #218 of 996
Quote:
Originally Posted by kevin1612 View Post


they are good in my book wink.gif whoever they are

 

I may re-enter.  Man I am really not used to holding a position that long.  That was over 1.5 weeks.  This morning UNG had a nasty dump to below 19.00 and my June 22.00 calls got ugly really quick.  I think I bought too far out of the price.  If I go back I'm gonna snag 20's or 21's.

post #219 of 996
Thread Starter 
Quote:
Originally Posted by Rock Sexton View Post

I may re-enter.  Man I am really not used to holding a position that long.  That was over 1.5 weeks.  This morning UNG had a nasty dump to below 19.00 and my June 22.00 calls got ugly really quick.  I think I bought too far out of the price.  If I go back I'm gonna snag 20's or 21's.

wow musta seemed like an eternity for you wink.gif
post #220 of 996
Quote:
Originally Posted by kevin1612 View Post

wow musta seemed like an eternity for you wink.gif

 

You have no idea.  My average trade lasts me maybe 10mins.  LOL

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