Monday, March 31, 2008

Nat Gas cover

Although I still believe in the fundamentals driving this trade, I covered my long nat-gas long at 10.135, after the market moved higher by nearly .40 in a few hours. This market has moved in my favor too swiftly, and I wish to take a profit. I'd like to re-enter the trade once this settles (although, knowing the volatility of the nat-gas market, this may never happen). Nonetheless, I'd rather protect my profit in this environment. Maintaining ths short CL leg, but watching it very closely.

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