Discover and read the best of Twitter Threads about #boil

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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……
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……
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.……
Read 3 tweets
Trading PF update:

#HARL (5.9p entry)
#PREM (0.45p)
#ALK (120p)
#MKA (13.3p)
#BSFA (8.6p)
#CGO (6.40p)
#BOIL (0.13p)

#MMAG (+86%)
#INCE (flat)
#SPEC (+30%)

Reduced (not exited) HARL over past 24h, best return (% and £-wise) YTD.

[Entries/exits in timeline]

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..

...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...

Read 18 tweets

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