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NATGAS FUTURES AND ETFs (#BOIL, #UNG)
With US #natgas trading at 2.5y low and wek fundamentals, there is a big growth in positions in gas ETFs: #BOIL (2x levered) and #UNG.
Is it driven by retail bottom pickers? The real story is more complicated. Here ft.com/content/b527f4…… twitter.com/i/web/status/1…
With US #natgas trading at 2.5y low and wek fundamentals, there is a big growth in positions in gas ETFs: #BOIL (2x levered) and #UNG.
Is it driven by retail bottom pickers? The real story is more complicated. Here ft.com/content/b527f4…… twitter.com/i/web/status/1…
For UNG and BOIL we can also see the increase in the share count and market cap ahead of the roll.
What could be the motive for a professional fund to short ETF, instead of doing the same trade via futures?
Aside from mandates/simplicity a fund might expect the ETF doing… twitter.com/i/web/status/1…
What could be the motive for a professional fund to short ETF, instead of doing the same trade via futures?
Aside from mandates/simplicity a fund might expect the ETF doing… twitter.com/i/web/status/1…
Does it matter if the shares are created to satisfy the demand of the short sellers or on demand from bottom pickers (longs)?
I believe it may since the effect on the final futures position could be different:
•When ETF is created in response to demand from the long side (e.g.… twitter.com/i/web/status/1…
I believe it may since the effect on the final futures position could be different:
•When ETF is created in response to demand from the long side (e.g.… twitter.com/i/web/status/1…
Trading PF update:
Open:
#HARL (5.9p entry)
#PREM (0.45p)
#ALK (120p)
#MKA (13.3p)
#BSFA (8.6p)
#CGO (6.40p)
#BOIL (0.13p)
Closed:
#MMAG (+86%)
#INCE (flat)
#SPEC (+30%)
Reduced (not exited) HARL over past 24h, best return (% and £-wise) YTD.
[Entries/exits in timeline]
1/18
Open:
#HARL (5.9p entry)
#PREM (0.45p)
#ALK (120p)
#MKA (13.3p)
#BSFA (8.6p)
#CGO (6.40p)
#BOIL (0.13p)
Closed:
#MMAG (+86%)
#INCE (flat)
#SPEC (+30%)
Reduced (not exited) HARL over past 24h, best return (% and £-wise) YTD.
[Entries/exits in timeline]
1/18
Volume returning really nicely to the small cap space, which is creating excellent trading conditions.
My average holding period in the Short-term Trading Portfolio is still around 16 sessions / 3 weeks.
Seemingly contrary to many, I consider trade entries based both on..
2/18
My average holding period in the Short-term Trading Portfolio is still around 16 sessions / 3 weeks.
Seemingly contrary to many, I consider trade entries based both on..
2/18
...fundamentals (see two recent successful trades in MMAG and SPEC, with rationales for trades founded on earnings metrics), and on stories and associated sentiment (BSFA being most recent example).
I don't subscribe to only utilizing one or the other; the same way as I...
3/18
I don't subscribe to only utilizing one or the other; the same way as I...
3/18
