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/NG Backwardation


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Updated by myrrdin
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/NG Backwardation

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  #1 (permalink)
New York, NY
 
 
Posts: 8 since Jan 2018
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Hi All,

There seems to be a severe backwardation right now between G8-H8, and lesser one for H8-J8. Is this a common theme for this time of year in nat gas?

I did play the widowmaker spread from the long side for a major winner, but also was able to get a small profit after reversing and shorting the spread (almost didn't work ).

So, my question is how you folks trade the spread mostly in this backwardation setup. Thanks!

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Market Wizard
Linz Austria
 
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Fiu Cher View Post
Hi All,

There seems to be a severe backwardation right now between G8-H8, and lesser one for H8-J8. Is this a common theme for this time of year in nat gas?

I did play the widowmaker spread from the long side for a major winner, but also was able to get a small profit after reversing and shorting the spread (almost didn't work ).

So, my question is how you folks trade the spread mostly in this backwardation setup. Thanks!

I do not trade these spreads. A change in the weather forecast can cause major moves upwards or downwards. And I am unfortunately unable to forecast the weather ...

In my opinion there are better trades around.

Best regards, Myrrdin

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January 26, 2018


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