looking for 60%?a 60% pattern is almost complete right now. we are looking to match with the weather report that ensure a new snowfall in coming days. GL
BOIL trade ideas
BOIL ETF Bullish inclined Naked Puts 20 Aug ExpiryBoil is a new ETF that I am trading to shield myself from inflation concerns. So far it has only risen even when inflation concerns are impacting the market negatively, even oil and gold saw drops.
I entered two trades with one being tighter than the other (Trade 2), with a bid to get a better price at a strike supported by a strong resistance and bullish momentum. Still in hindsight I think this is a tad too aggressive. Will not do this again.
BOIL is based on Natural Gas Futures.
Prices for the fuel are soaring across the globe as scorching weather stokes demand for electricity to run air conditioners.
In the U.S the rally is also underpinned by concern about a potential supply shortfall in the winter, when gas consumption peaks as homes and businesses crank up the heat. Stockpiles are already below normal for the time of year, and production growth has been restrained
Gas only makes up 34% of total US energy consumption
Trade 1
Sold 12 Puts @ 0.90 Strike 34
Max Gain: Est $1080
% Distance to Strike: 20%
Trade 2
Sold 23 Puts @ 1.20 Strike 38
Max Gain: Est $2760
% Distance to Strike: 7.82%
Total BP Block: 75K
WATCHING $BOIL for ENTRY TARGET @ 31.90WATCHING $BOIL for ENTRY TARGET @ 31.90
I'll re-post when it get's closer if it goes that way
Look to the right. ENTRY target in grey. Sell target in green. Double position target in red. That’s it.
$BOIL Dailystill in play closed above beak out zone resistance. created a higher high on weekly, highest rsi @ 93 so we have room to roam. still holding OTM calls added 37's today at closing and still have 40. Only thing is that it closed in a sell zone, but it has been here in the past, looking for it to break out of it for confirmation for me.
BOOM!!! TARGET HIT @ 26.76 for 32.08% Profit in 66 daysTARGET HIT @ 26.76 for 32.08% Profit in 66 days
I already have a position in KOLD and if you don't now would be a good time... GOOD GAME.
$BOIL Target 26.76 for 32.08% $BOIL Target 26.76 for 32.08%
Or next add level is at 13.76
I meant to publish this last night but fell asleep. Target still holds...
—
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Still on track so far --> $BOIL Target 26.76 for 32.08% $BOIL Target 26.76 for 32.08%
Or next add level is at 13.76
So far so good… I sure do love trading Natty
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
$BOIL Target 26.76 for 32.08% Or next add level at 13.76$BOIL Target 26.76 for 32.08%
Or next add level at 13.76
I started this BOIL position after selling KOLD yesterday. Let’s see what happens. Go Natty.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Bottom on Natural Gas? Looks like it has bottomed and can see huge volume around $27. It should be a bullish play for next 2 months. SL 27.
$BOIL Nat Gas - Bullish C&H$BOIL Nat Gas - Possible Bullish Cup & Handle
$53-$56 range possible near term
Monitor for a close above $43.60 area
BOIL Logarithmic Since Inception Do Not Buy and HoldBOIL is designed to be used for short term trading and only truly tracks natural gas on a intraday basis.
BOIL decays because it is a commodity ETF and leveraged ETF.
Commodity ETFs have to roll futures contracts, natural gas is typically in contango causing BOIL to decay.
Leveraged ETFs re-balance each day to maintain the leverage, re-balancing results in volatility decay.
BOIL can be used for short term trading but as you can see by this chart should not be held for long periods of time.
Do Not Buy and Hold
BOIL RSI Indicator left the oversold zone on June 19, 2020A buy signal is generated. This is a signal that BOIL's price could be shifting from a downtrend to an uptrend. Traders may consider buying the stock or exploring call options. I looked back and found 37 similar cases where BOIL's RSI Indicator left the oversold zone, and in 31 of them led to a successful outcome. Odds of Success: 84%.
LONG Natural Gas with BOILGoing long Nat Gas with BOIL. BOIL is a 2x leverage ETF for Nat Gas. Chart looks good. Short term trade.
$BOIL Very interesting, watching for volume and popWith some volume above the trend line, this could really pop again.
BUY Natural Gas Leveraged Bull ETF BOILNatural Gas is entering its seasonality play,
with the fall beginning today, and heating demand in the Northeast
around the corner.
Traders jumped on natural gas last week,
and have potentially put in a H+S bullish bottom just below $3.00
BOIL, Pro-Shares Leveraged Natural Gas ETF ,
offers traders an opportunity to participate in what could be
a breakout play on Natural Gas this winter,
Waiting for the clear break out above 30,
or buying on selected weakness back to support is recommended,
as this is a very volatile Commodity/ETF
THE_UNWIND
