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Forum - United States Natural Gas - UNG   

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From: hazeleye 353% (Rep: 224)Date: 05/17/2012 11:06
Forum: United States Natural Gas - Msg #1741Thread #673403027 (Rec: 0)
*** HUGE **** Oct $17 put open interest. Too big to be small timers...

Not sure when this position was established, but 42,393 contracts open. Based on current price of $2.04 bid, that represents a $8,648,172 bet.

Considering UNG might eventually contango itself to pennies, seems like a wise bet... though the only three months till expiration I don't care for too much. When see positions this big, they are often right.



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