United States Natural Gas Fund LP (UNG) $16.18 -4.26%
US Natural Gas Fund (UNG) lost 72 cents to $16.18 and came under pressure Wednesday afternoon after Natural Gas fund manager John Arnold said he was shutting down a Centaurus Master Energy Fund. The top trades in UNG printed when shares were trading near $16.80 midday — before the news made the rounds. One strategist sold the Oct 17 – 19 risk-reverrsal on the ETF at $1.06, 3150X on ISE. ISEE confirms that puts were sold to buy calls, 4000X, to open.
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About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
