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Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
NG Margin increase effective COB August 31st, 2021
Maintenance margin's increasing as follows (Note: Non-member initial margin rates will be 110% of these)
Tier 1 / Oct21 from $2700 to $3150 +$450
Tier 2 / Nov21 from $2550 to $3000 +$450
Tier 3-6 / Dec21-Mar22 from $2400 to $2850 +$450
Tier 7-13 / Apr22-Oct22 from $1100 to $1300 +$200
Tier 14-18 / Nov22-Mar23 from $1000 to $1100 +$100
Note with the expiration of Sep last week,
- Oct moved from Tier 2 to Tier 1. So effectively Oct went from $2550 to $2700 on Fri 27th and then from $2700 to $3150 on Tue 31st for a total change of $600 or 23.5% in 3 trading days!
- Similarly Nov moved out of the Winter/Tier 3-7 grouping and into Tier 2. So effectively Nov went from $2400 to $2550 on Fri 27th and then from $2550 to $3000 on Tue 31st for a total change of $600 or 25% in 3 trading days!
I got 3,524~ for end of season storage estimate, and Nov.21 fair value at about 3.8~
Details, graphs related to the estimate, calculations are posted here https://bastion.substack.com/p/ngx-fair-valuation
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals, U308 and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,059 since Dec 2013
Thanks Given: 4,410
Thanks Received: 10,226
NG Margin increase effective COB September 2nd, 2021
Maintenance margin's increasing as follows (Note: Non-member initial margin rates will be 110% of these)
Tier 1 / Oct21 from $3150 to $3500 +$350
Tier 2 / Nov21 from $3000 to $3400 +$400
Tier 3-5 / Dec21-Feb22 from $2850 to $3300 +$450
Tier 6 / Mar22 from $2850 to $3100 +$250
Tier 7 / Apr22 from $1300 to $1450 +$150
all others unchanged.