A Nymex gas futures trader on the floor of the exchange denied rumors last Wednesday that he walked away from the natural gas futures trading pit late last month with about $40 million in his pocket after monthly contract spreads (the price difference between monthly contracts) widened to unprecedented levels and the near-month contract soared to record heights.
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Nymex Local Reportedly Walks Away from Gas Pit with $40 Million
A local Nymex futures trader denied rumors Wednesday that he walked away from the natural gas futures trading pit two weeks ago with about $40 million in his pocket after monthly contract spreads (the price difference between monthly contracts) widened to unprecedented levels and the near-month contract soared to record heights.
March 13, 2003