Looks like a downtrend is forming, with warmer weather etc forecasted for the rest of winter. I would guess the bet really becomes all about cooling needs in the summer? (I'm no expert in energy so feel free to correct that assumption). Are you expecting this downtrend to continue? What lows would you re-enter the position.
Yes, cooling needs in the summer was one of my original thoughts when opening this trade. If you don't have a position yet, you could open the position now. It's only up about 10% from where I got in. I don't know how long the current downtrend will continue, but if it does, I may add more using further-out expiration. In that case, I will post a trade alert as soon as I do.
Looks like a downtrend is forming, with warmer weather etc forecasted for the rest of winter. I would guess the bet really becomes all about cooling needs in the summer? (I'm no expert in energy so feel free to correct that assumption). Are you expecting this downtrend to continue? What lows would you re-enter the position.
Yes, cooling needs in the summer was one of my original thoughts when opening this trade. If you don't have a position yet, you could open the position now. It's only up about 10% from where I got in. I don't know how long the current downtrend will continue, but if it does, I may add more using further-out expiration. In that case, I will post a trade alert as soon as I do.