This page has been archived and commenting is disabled.

Nat Gas Up 16% On Lack Of Speculative Squeeze

Tyler Durden's picture





 

The CFTC and the SEC are both having lunch with Optiver right now, as all other speculators have been definitively driven out of the market.

No comment on the chart below.

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 09/10/2009 - 14:53 | Link to Comment Sardonicus
Sardonicus's picture

looks like global warming got debunked at 7:30 am and now an ice-age is predicted.

Thu, 09/10/2009 - 15:10 | Link to Comment JohnKing
JohnKing's picture

Looks like hi-freak algo testing with commodities, did someone just open up a front running switch?

Thu, 09/10/2009 - 14:58 | Link to Comment curbyourrisk
curbyourrisk's picture

And awwwwaaaaayyyyy we......go!

Thu, 09/10/2009 - 14:58 | Link to Comment lizzy36
lizzy36's picture

14% of natt gas mrkt is producers (long short)

86% is speculators.

rally started last week with someone taking off a large oct/nov spread.  massive short covering when it hit $3 and $3.05. roll starts monday.

Thu, 09/10/2009 - 15:36 | Link to Comment lizzy36
lizzy36's picture

no idea.  mostly because they have been trading almost mutually exclusive of one another, such that theprior relationship has almost been nullified (just mho)

Thu, 09/10/2009 - 15:27 | Link to Comment Anonymous
Thu, 09/10/2009 - 15:03 | Link to Comment max2205
max2205's picture

sure!:

 

SEC Probing Market Manipulation by ‘Advanced Trading Systems’

Share | Email | Print | A A A

 

By David Scheer

Sept. 10 (Bloomberg) -- The U.S. Securities and Exchange Commission is “rigorously” investigating whether traders are using technology to manipulate markets, the agency’s enforcement and inspections chiefs said today.

The regulator is probing suspected “market manipulation based on complex use of technology and advanced trading systems,” said SEC Enforcement Director Robert Khuzami and acting examinations director John Walsh in testimony prepared for a Senate Banking Committee hearing. They mentioned the inquiry among a list of pending cases, also including unspecified Ponzi schemes, hedge-fund abuses and insider trading.

SEC spokesman Kevin Callahan said he couldn’t immediately comment beyond the testimony.

To contact the reporter on this story: David Scheer in New York at dscheer@bloomberg.net.

Thu, 09/10/2009 - 15:21 | Link to Comment economessed
economessed's picture

Ever wax nostalgic for open outcry?

So much money and resources poured into exploiting weakness in the electronic trading landscape in the name of untethered greed, yet we can't figure out how to educate 30% of our kids about subjects like basic math.

Our priorities are 180 degrees out of phase with what we need to do to survive as a society.

Thu, 09/10/2009 - 15:22 | Link to Comment MountainHawk
MountainHawk's picture

aye men to that...

Fri, 09/18/2009 - 16:49 | Link to Comment Anonymous
Thu, 09/10/2009 - 15:08 | Link to Comment KeyserSöze
KeyserSöze's picture

Fast Forward one year later:

SEC revists Program Trading investigation still open seeking input

 

Thu, 09/10/2009 - 15:09 | Link to Comment Anonymous
Thu, 09/10/2009 - 15:22 | Link to Comment Anonymous
Thu, 09/10/2009 - 15:25 | Link to Comment Anonymous
Thu, 09/10/2009 - 15:55 | Link to Comment Anonymous
Thu, 09/10/2009 - 16:10 | Link to Comment lizzy36
lizzy36's picture

What would you call the biggest one day percentage gain in almost 5 years?

Demand destruction continues (see MON) and storage is 20% above 5 year average heading towards full for the first time ever. 

So this must be slow value investing, right?

Thu, 09/10/2009 - 16:28 | Link to Comment Anonymous
Thu, 09/10/2009 - 16:30 | Link to Comment Anonymous
Thu, 09/10/2009 - 16:59 | Link to Comment Anonymous
Thu, 09/10/2009 - 17:13 | Link to Comment Anonymous
Thu, 09/10/2009 - 21:03 | Link to Comment Anonymous
Thu, 09/10/2009 - 21:14 | Link to Comment Anonymous
Fri, 09/11/2009 - 17:32 | Link to Comment Natural
Natural's picture

 

Hmm lets only talk about the rallies and ignore that it sold off almost the whole way back the next day....

100 vol? take em.   def a buyer at that level. 

 

Fri, 09/11/2009 - 17:31 | Link to Comment Natural
Natural's picture

And since when does Optiver trade nat gas size?   riiiigghht... thats a pretty funny comment.  Good info.

Do NOT follow this link or you will be banned from the site!