Natural gas has remained range bound between 2009 and 2021, but in the last month, broke out to above $6. While it is pulling back now, this acts as an indication to where the risk is when trading natural gas.
With equities, the risk lies to the downside as investors and traders worry about their assets going to zero. With natural gas, the risk lies to the upside because the demand increases much faster than the supply can keep up.
How do calls and puts in UNG compare to calls and puts in SPY, and where does the real risk lie?
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