FYI: Crude oil prices are trying to recover this morning as Natural Gas prices continue to go bananas. Equity futures are picking up steam to the upside, and CPI came in right inline with expectations.
With the surge in natural gas over the last couple of days and into this morning, one security that has been absolutely on fire over the last week is the Natural Gas Triple Leveraged ETN (UGAZ). While it was trading around $80 per share a week or so ago, it closed yesterday at $158 and is trading above $220 in the pre-market this morning. When you see moves like this in such a short period of time, it’s tempting for some to want to get in on the action.
Regards,
Ted
M* Snapshot UGAZ:
https://www.morningstar.com/etfs/ARCX/UGAZ/quote.html
