Jun. 18 at 1:12 PM
$BOIL Another day of EIA fun.
Let's see an injection of +86 Bcf.
Keep in mind, this product designed to go to zero over time, is currently into September futes (never rolling into even months). Product will consist of September futes for the next few weeks before the roll into November.
The first hour of trading will see IV on widow maker weeklies jump from 90% (higher this week ATM) to something greater than 115%, your weekly opportunity to sell a little extra juice or hedge with these 1256 contracts.
August options are newly traded today.
When the EIA report is released there will be a violent initial move that is very often retraced.
One can be given the storage numbers in advance and still not get direction right. GL gamblers.
https://www.youtube.com/watch?v=Bg0tFRea0wA
