ProShares UltraShort Bloomberg Natural Gas (KOLD) Options

By https://www.bloomberg.com/authors/ASLxhpk8tMA/stephen-stapczynski

Add $19.30s

Getting a $23.82 breakout would be nice find out at 1030am

KOLD 20.62 doing well as demand for NG plummets on spring weather 

But here’s the kicker: Fossil fuels, including natural gas, are gradually losing their grip on EU energy. Renewables remain, by far, Europe’s key energy source. Last year, renewable energy contributed 48% of the EU power generation mix, followed by nuclear at 24% and fossil fuels at 28%--the lowest share ever. Indeed, 2024 marked the lowest emissions from the EU power sector with a 13% drop compared to 2023. While nuclear remains the continent’s single leading power source, wind power leads over natural gas. Meanwhile, last year, Europe’s solar generation overtook coal for the first time ever.

$18.50 + 6% Closes above $18.60s then $20s next then should settle at $24 zone. Will review again on $20a hit 

If you short both $KOLD and $BOIL at the same time you will make $$$ off the decay...#natgas futures have a scheduled rollover this Friday and I'm Hoping $KOLD will peak by then because I'm planning on selling in between now and then...hopefully next week #natgas will start another run...I plan to experiment with futures contacts...

do you know what $KOLD is ???

Whenever I see a pps shoot straight up like that I’m bummed I missed it, unless it was an r/s.

Welcome, but my phraseology should never considered since the reports use different language. However that is the jist of what happens every year I think.
I have traded both since their inception.
GL

Ok, thanks for the heads up!

Nope, the ETF split shares. Usually BOIL will fetch the same soon (reverse). Reports of the holders ETFs with this function came out last week.

What the hell happened? -48%?

BETHESDA, Md.--(BUSINESS WIRE)-- ProShares, a premier provider of ETFs, announced today forward and reverse share splits on eleven of its ETFs. The splits will not change the total value of a shareholder’s investment and will be effective on two separate dates.
Forward Splits—Phase One
ProShares will implement forward splits for five ETFs in two phases, on two separate dates. Three ETFs will forward split shares at the following split ratios:
Ticker
ProShares ETF
Split Ratio
SPXE
ProShares S&P 500 Ex-Energy
2:1
SPXN
ProShares S&P 500 Ex-Financials
2:1
SPXV
ProShares S&P 500 Ex-Health Care
2:1
All forward splits in phase one will apply to shareholders of record as of market close on April 8, 2024, payable after market close on April 9, 2024. All forward splits will be effective prior to market open on April 10, 2024, when the funds will begin trading at their post-split prices. The ticker symbols and CUSIP numbers for the funds will not change.
Forward Splits—Phase Two
Two ETFs will forward split shares at the following split ratios:
Ticker
ProShares ETF
Split Ratio
KOLD
ProShares UltraShort Bloomberg Natural Gas ( KOLD )
2:1
SVXY
ProShares Short VIX Short-Term Futures
2:1
Forward splits in phase two will apply to shareholders of record as of market close on April 9, 2024, payable after market close on April 10, 2024. All forward splits will be effective prior to market open on April 11, 2024, when the funds will begin trading at their post-split prices. The ticker symbols and CUSIP numbers for the funds will not change.
The forward splits will decrease the price per share of each fund, with a proportionate increase in the number of shares outstanding. For example, for a two-for-one split, every pre-split share will result in the receipt of two post-split shares, which will be priced at one-half the net asset value (“NAV”) of a pre-split share.
Illustration of a Forward Split
The following table shows the effect of a hypothetical two-for-one forward split.
Period
# of Shares
Owned
Hypothetical
NAV
Value of
Shares
Pre-Split
100
$120.00
$12,000.00
Post-Split
200
$60.00
$12,000.00
Reverse Splits—Phase One
ProShares will implement reverse splits for six ETFs in two phases, on two separate dates. Five ETFs will reverse split shares at the following split ratios:
Ticker
ProShares ETF
Split Ratio
Old CUSIP
New CUSIP
REW
ProShares UltraShort Technology ( REW )
1:2
74347G424
74349Y852
PSQ
ProShares Short QQQ ( PSQ )
1:5
74347B714
74349Y837
QID
ProShares UltraShort QQQ ( QID )
1:5
74347G739
74349Y829
SSG
ProShares UltraShort Semiconductors ( SSG )
1:5
74347G622
74349Y860
SPXU
ProShares UltraPro Short S&P500 ( SPXU )
1:5
74347B110
74349Y845
All reverse splits for phase one will be effective prior to market open on April 10, 2024, when the funds will begin trading at their post-split prices. The ticker symbols for the funds will not change. All funds undergoing a reverse split will be issued new CUSIP numbers, listed above.
Reverse Splits—Phase Two

I just sold KOLD @ 136.25 looking at buying BOIL now...

Im curious about your thoughts on this, are we a little early for a big reversal yet?
I have traded both BOIL and KOLD for a long time. It’s a bigger mystery to me than ever. They seem a bit OVER manipulated.
Gl

NG .5 cent away from filling the gap...KOLD is still winning!!!

KOLD moving on up again...

KOLD heading towards filling the NG gap up on 2/20...

well YIPPY today!!! is NG on it's way down to fill the gap @ 1.76???

I'm finally back to positive on my KOLD...didn't expect a drop so soon...holding until NG gets close to filling the gap @ 1.76...

NG has opened up higher so KOLD will open up lower but I still anticipate NG will peak tomorrow then slowly bleed down again...

No kidding.
I see no definitive direction for either.
Nothing KOLD/BOLD are massively manipulated.
Gl

Yikes!

Didn’t say we did but english is pretty simple to understand my friend. At least we are not sitting on boil shares in the 60’s!

GL
Careful over there, the broken guy still plagues iHub.

Sold, up huge here, taking profits. Might get in boil long, could be a runner again real soon

Found this. Surprised that its out there already .

Not my article-

Natural gas decreased 0.22 USD/MMBtu or 9.66% since the beginning of 2024, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Natural gas is expected to trade at 2.78 USD/MMBtu by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3.28 in 12 months time.

Time to reverse?

No shares available to short.
Glad I kept a little.

The short risk was worth it.
A bid un nerving at times but $- covered

BOIL might get ‘reset’ earlier than previous episodes.

KOLD over $100 we go $$$$!!!! Energy Commodities Updates: Natural gas Plunges by 6.59%
Top commodity losers are Natural gas (-6.59%), Natural Gas UK GBP (-6.20%) and Natural Gas EU Dutch TTF (-5.89%).

US natural gas futures declined to an over two-week low, reaching $2.5/MMBtu on Friday, with weekly losses exceeding 20%, the highest since December 2022. The EIA reported a smaller-than-expected storage draw and forecasts indicate reduced demand and increased output due to due to upcoming warmer weather. Additionally, US LNG export plant flows hit a one-year low, likely due to energy firms redirecting gas to the domestic market amid elevated power gas prices caused by extreme cold. Government data showed US utilities pulled 154 billion cubic feet of natural gas from storage last week, less than market expectations of a 164 bcf decrease. The report also showed gas in storage remains 11.2% above the seasonal norm.

Wow
This kind of volatility is fun!
GL today!

KOLD $97 remaining $72s and new $85s looking good hot weather has its privileges

Going to be an active trading day!
Lets rock!

KOLD $90 like $$$ will be king for some time as Nat gas demand comes to a virtual halt with the spring like weather in virtually all of US for the next few weeks starting Monday
Also industrial production which uses Nat gas is falling drastically as consumer halt purchasing of big ticket items

Got 2 short round trips today here$

See you over at BOIL. I am setting up a short here in a bit it seems.

Yes reports are bogus so you go opposite direction usually when to many bulllish on NG you go $KOLD$$$$$


Got the money have 20% of my $73s left and dared add some $85s on the small dip was hoping for a dip but what the heck. About the whole US will be in record warm winter temperatures next week and industrial production report is tanking ..

US Natgas Prices Fall to 2-Week Low after EIA Data
US natural gas futures extended losses to below $2.8/MMBtu on Thursday, the lowest in two weeks, after EIA reported a smaller-than-expected storage draw. Government data showed US utilities pulled 154 billion cubic feet of natural gas from storage last week, less than market expectations of a 164 bcf decrease. The report also showed gas in storage remains 11.2% above the seasonal norm. Natural gas prices were already under pressure due to forecasts of reduced demand and increased output due to warmer late-January weather. Additionally, US LNG export plant flows hit a one-year low, likely due to energy firms redirecting gas to the domestic market amid elevated power gas prices caused by extreme cold.
3 hours ago


US Natural Gas Stocks Fall Less than Expected: EIA
US utilities pulled 154 billion cubic feet of natural gas from storages during the week that ended January 12, 2024, less than market expectations of a 164 bcf draw. That compares with a withdrawal of 68 bcf in the same week last year and a five-year (2019-2023) average decline of 126 bcf. Last week's decrease cut stockpiles to 3.182 trillion cubic feet (tcf), 350 bcf higher than last year at this time and 320 bcf above the five-year average of 2.862 tcf. At 3.182 tcf, total working gas is above the five-year historical range.
3 hours

GL
I fully expect gas supplies to have been falsified.
Everything the agencies say is first considered a lie now days.
I dont believe the reports on the huge supplies.

Regardless, get the money!

Dumping 80% of $73s bought 16th at $85 wait for 1030am report to see if they dip KOLD a little

KOLD + 18% awesome gains tried to tell folks BOIL strictly a few days play or just one day trade at best because very warm weather coming to US January 21st $$$$$$

Anyone getting out or holding for 99.00
$$$$$$

Shes turning.

$s51.70

$50.95

S$60

Paid!! $$