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VolatilityOptions fall into the category of being slightly undervalued in non-volatile markets in the weekly options report.
Contract Size - 10,000 million British thermal units (mmBtu).
Tick Size: U.S. Dollars and Cents per mmBTU
Trading Hours: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Natural Gas Charts
Below are weekly & daily charts for reference.
Below is a vertical swap. It is a pure directional play with low margin. The % yield shown in the diagrams below represent an estimated return on margin from projected dates shown below. The structure has positive time decay which is an advantage over holding outright options.
A more aggressive position bearish
Calendar call to the upside