Anybody Trading NG?

Question

Anybody here getting into the NG market right now? Anybody getting run over or hitting it big?

Curious as to what people think about NG market and how people are trading it...

traderlife · Accepted Answer

Commodity guys seems like they are in big time pain.

Citadel lost big on natty.  Bbl commodities I’m hearing is bankrupt.  $20 down in oil in a month will do that.

And a lot of funds already shut down this summer I believe from Brent-ti trades

Hedge funds as a whole would be getting wiped out this month if we didn’t have $300 billion in corporate buybacks rest of the year.  I’m as bullish as anyone in equities but with year end redemptions coming into tomorrow it would be a nasty market that would kill a lot of people.

Small caps crushed.

George_Banker · Answer

Completely agree.  I am long summer19 and sold some march outright around 4.50 yesterday as a "hedge"

Typically not in and out quickly, but thinking of covering already this morning....$0.30 seems like a lot compared to anything else recently.

Crazy thing is that storage guys are still hording gas. Big reason for run up is that we are still trying to meet the early winter demand with flowing gas.  Something has to break, either weather or storage guys need to start letting gas go, otherwise there is no fundamental reason to stop.

George_Banker · Answer

The trade made money every year for last 10 years.  Sometimes people just get comfortable, especially when most guys trading were not around the last time the spread blew out.  It is also crazy that a weather forecast could affect March...I would expect most of the demand-kill response to come in prompt month and maybe next month, and then rely on cash to back fill any change in forecast.  To see the entire winter blow out like that just tells you how short the market really is.  Will be interesting when LNG really gets going...

nattyphizz · Answer

stole my name

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