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The Natural Gas Roller Coaster. Jan 16th 14.2% tradeable range
NG trending really well. It is trading like CL use to trade. Hope it keeps up for a while.
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
New margins for NG contracts effective after the close of business on Monday Jan 27 - spec 3300/3000, NG vol scans also going up. 20% increase in maintenance margins just a day after 10% hike.
In one day, a 44.5% increase in Mar Natural Gas ATM implied volatility. An extreme move for sure and perhaps unprecedented.
FWIW, ATM IV in Feb doubled in a day (from about 46% to 106-108%, but that doesn't really count (unless you have a position). Feb options had only 4 DTE vs. 32 in Mar.
