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SymbolStock Name
Latest PriceChg%ChgVolumeTurnoverOpenPre CloseHighLowMarket CapFloat CapSharesShs Float5D %Chg10D %Chg20D %Chg60D % Chg120D %Chg250D %Chg% Year-to-dateDiv YieldTTMTurnover RatioP/E (TTM)P/E (Static)AmplitudeIndustry
US OptionsDetailed Quotes
UGA240816C69000
- 0.75
- -0.25-25.00%
15min DelayClose Jul 22 15:59 ET
0.75High0.55Low
0.55Open1.00Pre Close5 Volume15 Open Interest69.00Strike Price315.00Turnover25.37%IV4.95%PremiumAug 16, 2024Expiry Date0.00Intrinsic Value100Multiplier24DDays to Expiry0.75Extrinsic Value100Contract SizeAmericanOptions Type0.3169Delta0.0806Gamma75.96Leverage Ratio-0.0345Theta0.0138Rho24.07Eff Leverage0.0620Vega
Intraday
- 5D
- Daily
News
Commodity Roundup: Gold Near Fresh Record High, China Demand Concerns Weigh on Oil
Gold prices extended their rally to Tuesday, trading close to an -all-time high amid rising hopes that the Federal Reserve would cut interest rates by the end of the year, while oil prices ticked lower on lingering demand concerns.
Commodity Roundup: ANZ Sees Lithium at 16k–18k/t by 2025; Gold Gains for Third Day
Gains in Metals and Grains Drive Commodity Open Interest Value to a Six-week-high - JPM
Crude Oil Rises to Highest Since April on Geopolitical Tensions, Supply Concerns
Recent Decline in Commodities Is Only Temporary, JPM Says in Mid-year Outlook
Commodity Roundup: Cocoa Futures Face 22% Monthly Drop as West Africa Supply Fears Ease
Comments
All Eyes on the Upcoming Fed Meeting
With interest rates and inflation being the main concern for investors these days, all eyes will be on the Federal Reserve's interest rate decision coming this Wednesday.
Many analysts are calling for a resurgence in inflation. While the Federal Reserve has been standing by their word, saying that inflation is under control and we are on the path towards rate cuts this year.
If the Fed believes that inflation is no longer...
With interest rates and inflation being the main concern for investors these days, all eyes will be on the Federal Reserve's interest rate decision coming this Wednesday.
Many analysts are calling for a resurgence in inflation. While the Federal Reserve has been standing by their word, saying that inflation is under control and we are on the path towards rate cuts this year.
If the Fed believes that inflation is no longer...
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We still need to see a little more upside before we can call it an end to this technical downtrend.
$Crude Oil Futures(SEP4)(CLmain.US$ $Brent Last Day Financial Futures(SEP4)(BZmain.US$ $RBOB Gasoline Futures(SEP4)(RBmain.US$ $United States Oil Fund LP(USO.US$ $United Sts Brent Oil Fd Lp Unit(BNO.US$ $United States Gasoline Fund Lp(UGA.US$
$Crude Oil Futures(SEP4)(CLmain.US$ $Brent Last Day Financial Futures(SEP4)(BZmain.US$ $RBOB Gasoline Futures(SEP4)(RBmain.US$ $United States Oil Fund LP(USO.US$ $United Sts Brent Oil Fd Lp Unit(BNO.US$ $United States Gasoline Fund Lp(UGA.US$
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$Henry Hub Natural Gas Futures(AUG4)(NGmain.US$
Natural Gas is Starting to Look More Bullish
Nat gas has had a rough go since November this year. It has lost over 20% of its value since. The unseasonably warmer than usual weather in the norther hemisphere and the slow global economic growth has held down the commodity.
More recently nat gas was consolidating near its lows with a bear flag type of wedge pattern. It seemed as if the commodity was forming a...
Natural Gas is Starting to Look More Bullish
Nat gas has had a rough go since November this year. It has lost over 20% of its value since. The unseasonably warmer than usual weather in the norther hemisphere and the slow global economic growth has held down the commodity.
More recently nat gas was consolidating near its lows with a bear flag type of wedge pattern. It seemed as if the commodity was forming a...
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Energy sector so strong. USO getting close to take out the Year at 106.56
$Energy Select Sector SPDR Fund(XLE.US$ $United States Oil Fund LP(USO.US$ $United States Gasoline Fund Lp(UGA.US$ $SPDR S&P 500 ETF(SPY.US$
$Energy Select Sector SPDR Fund(XLE.US$ $United States Oil Fund LP(USO.US$ $United States Gasoline Fund Lp(UGA.US$ $SPDR S&P 500 ETF(SPY.US$
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Commodities and Energy are jumping after the Fed rate hike. Jerome Powell mentioned high but manageable inflation. Is the “Volker Era” coming soon? I can barely afford a full gas tank as it is already. ![]()
The ban on Russian oil by the EU is surely the cause for the pop. You can blame supply chain issues all you want. Rising oil prices is the number one cause of inflation in most cases.
What’s gonna happen? Where are my commodity bulls at? I...
What’s gonna happen? Where are my commodity bulls at? I...
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BelleWeather : I think proper portfolio positioning vis a vis inflation is important. The concern I have is stagflation, so I’m trying to be defensive to that. This is difficult. And timing the market is impossible and crazy-making, so I personally am taking each day as it comes.
I don’t think anyone is going to sell off over these concerns, and Powell is not about to fan those flames either!
SpyderCallOP BelleWeather: They might not sell over these concerns. But when these variables are present, then any negative catalyst will likely catalyze a selloff. For example, if we get bad rhetoric from Powell next week, then we might see extra volatility. That being said, in the current environment, any selloff will be a good buying opportunity until something breaks in the economy.
SpyderCallOP BelleWeather: So far, wages and employment numbers have held up, so stagflation is not a concern until inflation picks back up. With the way oil and gasoline prices have been climbing, we could possibly see a stagflationary environment soon, but not yet. Things are almost perfect in the economic data currently. We are in a goldilocks zone for the Fed right now. And if things get worse, then the Fed has already mentioned cutting rates. That would be even more accomodative for equities as the "Fed Put" will be in play at that point. So, if we do see stagflation, it shouldn't last long as the Fed will accommodate markets when the inflation, wages, or employment situation changes negatively.
BelleWeather : Agreed on the Goldilocks zone vis a vis the Fed mandate save one issue - the reserve bank balance is almost out - won’t they have to move to correct that?
SpyderCallOP BelleWeather: They have been greatly decreasing the balance sheet since march 2022. This is done through selling treasury bonds or mortgage securities. Short-term treasuries, like bills, have been the biggest culprits for the runoff of the balance sheet. This has been unwinding the massive amount of asset purchases since the 2008 financial crisis.
They purchased all of these assets back then as a form of quantative easing to boost the economy. Right now, they are selling treasury notes at sky-high yields to provide liquidity to banks essentially. This is putting more liabilities onto the balance sheet, which brings the balance down.
I don't think the balance sheet runoff is such a big deal at the moment.
Once the economy is showing signs of trouble, then I think we will need to worry about the Fed balance sheet. If they start buying assets, essentially quantative easing, then they might think that there is weakness in the economy.
You might think that with the Fed balance falling like it is, then long-term treasuries should be falling along with the balance. But that has not been the case since last November as these treasuries have been climbing.
This tells me that the balance sheet is now falling because the Fed is adding liquidity through short-term bond sales, which inject liquidity into the economy, which is good for an economy and equities.
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