Can someone explain what’s been happening with naturalgas jan contract lately. It’s been going up like crazy, however, cfd natgas and Henry hub prices are stable and not showing such crazy moves. Why mcx jan contracts are hitting upper circuits. Also there are no options contracts for jan natural gas. Is it because of the volatility?
Natgas options expire a few days before its corresponding futures expiry, Jan series option expired a few days ago and ITM contracts were devolved into futures expiring today.
Jan series gas futures are meant for Feb delivery, so traders are hedging/speculating on what Henry Hub (spot) prices would be next month!
