I think this one puts me at about 4 for 4, 100% wins for 2009 pairs trading.
UNG is now up 9% and USL is right where it was when the trade was started, ending up with a quick 9% gain on this pair.
I'm taking profits anytime these pairs net me double digit gains (or really close to) and I am going to continue to own some UNG in a longer term account.
FYI: † UNG seeks to manage its portfolio such that the average daily changes in its Net Asset Value (“NAV”) over any period of 30 successive valuation days is within 10%+/- of the average daily change in the price of the Benchmark Natural Gas Futures Contract(s). The Benchmark Natural Gas Futures Contract is the near month futures contract for natural gas delivered to the Henry Hub. When the new month contract is within two weeks of expiration, the Benchmark Futures Contract will become the next contract to expire.
Always a good idea to keep an eye on how these ETF's are tracking - so far UNG has been one of the best (regardless of Cramer bashing it this evening).
UNG is now up 9% and USL is right where it was when the trade was started, ending up with a quick 9% gain on this pair.
I'm taking profits anytime these pairs net me double digit gains (or really close to) and I am going to continue to own some UNG in a longer term account.
FYI: † UNG seeks to manage its portfolio such that the average daily changes in its Net Asset Value (“NAV”) over any period of 30 successive valuation days is within 10%+/- of the average daily change in the price of the Benchmark Natural Gas Futures Contract(s). The Benchmark Natural Gas Futures Contract is the near month futures contract for natural gas delivered to the Henry Hub. When the new month contract is within two weeks of expiration, the Benchmark Futures Contract will become the next contract to expire.
Always a good idea to keep an eye on how these ETF's are tracking - so far UNG has been one of the best (regardless of Cramer bashing it this evening).
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