Morning Thoughts – Oldinvestor

Not much has changed and I have a lot of programming to look at and start altering today. I’ll continue to hold UNL. I find it a bit odd the market is staying down while weather storage is building very little. Maybe my South Central storage idea is coming into play more? South Central Salt/Non-Salt is at 85%/86% with a long way to go to November. I’ll be here waiting to see what happens

South Central Storage vs South Central 5 year average at

My positions

UNL – 80% of max comfort in with an average of $7.4 – waiting

BOIL and KOLD are both losing, but the market hasn’t broken out in either direction, so loses are minimal.

Covered puts for BOIL and KOLD as of close 7/16/20

I hope everyone has a great weekend. Be sure to check out “The Heller Angle” for great perspectives and some excellent options trade ideas by Josh Heller. Good Luck