Natural gas got demolished today, down over 8%.
The one headline we saw hitting the tape that is having some partial influence:
"Vessel Arrives at LNG Canada to Load First Cargo, Strengthening Global Supply Outlook – LNG Recap"
Today, we did hedge our core long UNG position with a short dated $56 put on EQT.
We are already green on that trade and looking for $56 level to come into play.
Natural gas volatility sure trades in a world of its own which is why it is key to size accordingly.
The one headline we saw hitting the tape that is having some partial influence:
"Vessel Arrives at LNG Canada to Load First Cargo, Strengthening Global Supply Outlook – LNG Recap"
Today, we did hedge our core long UNG position with a short dated $56 put on EQT.
We are already green on that trade and looking for $56 level to come into play.
Natural gas volatility sure trades in a world of its own which is why it is key to size accordingly.
Trade active
closed out EQT put hedge up over 100% yesterday. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.