Expiration used to be one of the most volatile days of the month but since they significantly changed the position limits I would have said (never researched this so have no statistical evidence to back up my gut feel) that expiration is now one of the least volatile days, as nobody caries positions any more.
Saying that your right last expiry (Feb) was one of the most volatile trading days in years so your right, Wednesday 26th definitely could be a roller coaster as well.
Hi - Are those Balmo figures available only to those with a paid subscription to one of the ICE data products? I can get a summary report of the ICE day-ahead market, but summary reports for the balance of month (fixed price) and forward basis trades appear to be subscription-only.
I'm not sure. I have an ICE subscription and they are emailed to me every day. There are a lot of reports available on the website but I can't seem to find the exact reports I am getting.
You can get some reports but they are PDFs. Go to the data site and select "End of Day Reports", then "ICE Futures US - Energy", and "DMR-IFED Futures" and then under contract select what you want (or even all)
For example if you select contract ALS you will get the Algonquin Swing Swap report and you can see the $23.355 prices for balance of the month I mentioned previously.
The following 2 users say Thank You to SMCJB for this post:
Broker/Data: Multiple broker + Multiple feed (for access to specific exchanges)
Favorite Futures: European Indices, Precious Metals, Energy
Posts: 423 since Dec 2013
Thanks: 204 given,
I tried trading this market, but myself found it was not as easy to trade as CL. The liquidity was a low at the time I was trading it, that may have been a big factor. Hows the liquidity for you folks trading it now? do you see a lot of gapping in the market and apart from the weather how would you describe the way this market trades? I'd be interested in some of your opinions on this. Thanks.
I assume you are talking about NG? Natural Gas is extremely volatile/choppy/gappy what ever you want to call it. Huge 10% moves day after day. If your looking to 'try out NG' for lack of a better expression i would suggest you wait until next Thursday 27th once March has expired and hopefully some normality returns to the market.