Dr. Mikhail Mal...'s  Instablog

Dr. Mikhail Malakhov
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Hi I'm Quantitative Commodity trader at a CTA fund in Hong Kong. I'm doing research in Natural Gas and LNG for my MBA and in process of this, developed strategy for directional natural gas futures trading in NYMEX. The main Idea is in following the sentiment of the hedgers and taking the trades... More
  • Decrease/Exit Natural Gas Exposure 0 comments
    Nov 26, 2013 10:42 AM | about stocks: UNG

    On the date it is few days before expiry of November contract and I hope that it will expiry close to this price of Natural Gas 3.83$.

    This is close to the targeted value that priced my model this month. I think that now it will be the rolling of some funds who have NG exposure and this can push up the price in any direction. That's why better for who is in linear exposure to decrease it or even go in cash out of Natural Gas long positions.

    In my case my derivatives construction will wait expiry because the destruction/closing is too costly. That's why just will sit and wait that settlement price will be close to current or higher.

    On the model portfolio I put the UNG closing order. And will wait in cash till next trading signal will be generated. Here is some track from it.

    I DO NOT RECOMEND ANYONE FOLLOW ME. AND THIS IS NOT BUY/SELL RECOMENDATION SERVICE. I Just show what I developed and track it in public.

    (click to enlarge)(click to enlarge)

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: UNG
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