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Diversified Option Selling Portfolio


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Diversified Option Selling Portfolio

  #661 (permalink)
 
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 SMCJB 
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ron99 View Post
I believe there are new LNG exports processing facilities coming online this year.

Right now exports are 2.1 Bcf per day. They were basically zero in 2015.

Here is my chart.



See Energies-NG Weekly Data at
https://public.tableau.com/profile/ron.h8870

Thanks Ron, your analysis of this and other issues is very helpful. To be honest its your discussion of LNG exports that has alerted me to my own knowledge gap.

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  #662 (permalink)
 ron99 
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SMCJB View Post
Thanks Ron, your analysis of this and other issues is very helpful. To be honest its your discussion of LNG exports that has alerted me to my own knowledge gap.

US NG exports to Mexico are up 0.6 Bcf/day YoY and that number will grow greatly.




Quoting 
Four U.S. pipeline projects currently under construction—Roadrunner (Phase II), Comanche Trail, Presidio Crossing (also called Trans-Pecos), and Nueva Era—will supply natural gas to new natural gas-fired power plants in the states of Chihuahua, Nuevo Leon, Sonora, and Sinaloa in 2017. Those projects will provide an additional capacity of 3.5 billion cubic feet per day. Two additional pipelines—KM Mier-Monterrey and Neuces-Brownsville—are expected to begin exporting natural gas to Mexico’s Northeast and Central regions in 2018. They will provide an additional capacity of 3.3 billion cubic feet per day.

New U.S. border-crossing pipelines bring shale gas to more regions in Mexico - Today in Energy - U.S. Energy Information Administration (EIA)

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  #663 (permalink)
 ron99 
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Info about additional LNG export facilities being completed


Quoting 
Train 3 substantial completion is estimated to be June 2017 based on actual construction progress realized, Cheniere said, adding that the Train 4 progress will be monitored over the coming months for any potential impact on the August 2017 substantial completion target.

The Sabine Pass liquefaction facility is the first of its kind to export abundant U.S. shale gas to overseas markets.

Cheniere is developing and constructing up to six liquefaction trains at Sabine Pass, which are in various stages of development. Each train is expected to have a nominal production capacity of about 4.5 mtpa of LNG.

Gallery: Cheniere close to completing Sabine Pass LNG Train 3 | LNG World News

It is because of additional exports of LNG plus NG to Mexico that I am long term bullish. Just not yet.

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  #664 (permalink)
 myrrdin 
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Just placed an order to sell the WK C5.

Wheat followed the seasonals nicely this year, and is neutral / bearish until May. Funds short positions moderated recently. And, last but not least, there are large amounts of wheat around waiting to be sold. Australia just raised their crop from 32.6 (December forecast) to a record amount of 35.1 million tons.

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  #665 (permalink)
 jokertrader 
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myrrdin View Post
Just placed an order to sell the WK C5.

Wheat followed the seasonals nicely this year, and is neutral / bearish until May. Funds short positions moderated recently. And, last but not least, there are large amounts of wheat around waiting to be sold. Australia just raised their crop from 32.6 (December forecast) to a record amount of 35.1 million tons.

Best regards, Myrrdin

Heard on market rally with chip flory some traders saying wheat could go a lot higher. So gonna cover my wheat 475/480 CCS soon and not take the risk I'm closer to the money since it's not naked

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  #666 (permalink)
 myrrdin 
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jokertrader View Post
Heard on market rally with chip flory some traders saying wheat could go a lot higher. So gonna cover my wheat 475/480 CCS soon and not take the risk I'm closer to the money since it's not naked

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What are the arguments of these traders who assume wheat to move a lot higher ?

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  #667 (permalink)
 jokertrader 
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myrrdin View Post
What are the arguments of these traders who assume wheat to move a lot higher ?

Best regards, Myrrdin

https://www.barchart.com/futures/quotes/ZW*0/all-futures

Also go to agweb.com
Markets - market rally with chip flory

I think maybe last Thursday

Though I'm also seeing articles stating no fundamentals for higher prices

J

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  #668 (permalink)
 myrrdin 
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myrrdin View Post
Looking to sell some Natural Gas puts some time in the near future, probably in March.

Mild weather should be almost factored into prices. Seasonals are neutral to upwards from March until May. COT data is neutral.

I will not sell without some downwards move before. Intend to sell the NGM P2.4 (P2.5 ?) for approx. $500 if given the chance.

Best regards, Myrrdin

Just sold the NGM P2.4, as the price got close enough to my target entry price.

NG is oversold and might bounce.

Best regards, Myrrdin

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  #669 (permalink)
 myrrdin 
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Currently I hold the following short options positions:

CTK C0.8
CTN C0.9

HEJ C76
HEM C86

LEJ P106
LEJ C126

LEM P96
LEM P98
LEQ P90

NGJ P2.45
NGM P2.4

SX C11 (the short dated one expiring with the June contract)

I bought back the WK C5 today with a profit of approx. 65 to 70 %.

Best regards, Myrrdin

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  #670 (permalink)
 myrrdin 
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Currently I hold the following short options positions:

HEJ C76
HEM C86

LEJ P106
LEJ P112
LEJ C126

LEM P96
LEM P98
LEQ P90

NGM P2.4
NGN P3

SX C11 (the short dated one expiring with the June contract)
SX C11.6 (the short dated one expiring with the July contract)

KWN P4.3 (sold yesterday before the close)

ESM P2050



Best regards, Myrrdin

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