20.60Open20.60Pre Close0 Volume40 Open Interest84.00Strike Price0.00Turnover1306.93%IV15.44%PremiumJul 26, 2024Expiry Date9.02Intrinsic Value100Multiplier0DDays to Expiry11.58Extrinsic Value100Contract SizeAmericanOptions Type-0.8739Delta0.0290Gamma7.93Leverage Ratio-37.6792Theta0.0000Rho-6.93Eff Leverage0.0011Vega
ProShares UltraShort Bloomberg Natural Gas Stock Discussion
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Gas has also dropped below the important support level at $2.52, its lowest swing on May 31st while the Relative Strength Index (RSI) has turned south.
Therefore, the outlook for natural gas is bearish, with the next point to watch being at $2, which is about 18% below the current level. If this forecast is accurate, it then makes sense to invest in the ProShares UltraShort Natural Gas ETF (KOLD).
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