Sold my Kold a little early last week and been sitting on the side. Finally started a position in Boil today, first buy at $22.First big miss for me on Boil/KOLD
The weekly draw of nat gas reserves ending Dec16 came in at 87BCF vs an expected 89BCF.
They are expecting a much bigger jump than normal for next week due to the extreme cold snap. Also expect production to miss when plants/lines close for a few days due to weather.
Had to go pretty deep on Boil to average down to where I’m only upside down @9%
Starting out upside down but my most profitable trade on KOLD went exactly the same way.
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