Trade of the Week: Natural Gas

Trade of the Week

While trading tends to slow down during Thanksgiving week, the weather doesn’t always comply. Freezing temperatures have caused a surge in natural gas prices, and trading has become brisk in the United States Natural Gas Fund (UNG). UNG is the most popular pure play ETF for natural gas. A sophisticated trader recently placed what looks to be an interesting bullish trade on UNG that profits if the price continues to rise into January.