GAZB - Natural Gas - It's Time To Eat Like A Bird Not Dine Like An Elephant

Each year when the alarm clock goes off at the end of August, I begin to get serious about the natural gas futures market. In 2018, buying call options during late August wound up being one of my best trades of the year as the price rose from under $2.90 per MMBtu to almost $5 in November. When I was purchasing call options during August last year, the price was higher than the current level, but weekly historical volatility at under 20% was a lot lower.

As a result of the price explosion at the

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