Wednesday, April 23, 2008

Natural Gas

Position rolled over. May contracts closed @ 10.715. July contracts opened @ 10.970. Will work out the average cost later.

2 comments:

Anonymous said...

Boon,

What is the benefit of rolling over your contract against opening a new one? Or is it the same thing..

Newbie

Boon said...

Rolling over is essentially closing your position in one contract month and opening a new one in a later contract month. You have to do that if you want to keep your position opened, before a given contract month expires or you will have the underlying assets delivered to your door.