Henry Hub Natural Gas Futures Data

Trade Date: Wednesday, $09/11/2024$

Month Open High Low Last Change Settle Estimated Volume Prior Day Open Interest

OCT $242\mathrm{.}391002\mathrm{.}436002\mathrm{.}307002\mathrm{.}31200-\mathrm{.}049002\mathrm{.}32400171,895139,098$

NOV $242\mathrm{.}645002\mathrm{.}691002\mathrm{.}603002\mathrm{.}60800-\mathrm{.}026002\mathrm{.}61300118,350288,736$

DEC $243\mathrm{.}071003\mathrm{.}111003\mathrm{.}041003\mathrm{.}04900$A $-\mathrm{.}017003\mathrm{.}0500042,592134,209$

Trade Date: Friday, $09/13/2024$

Month Open High Low Last Change Settle Estimated Volume Prior Day Open Interest

OCT $242\mathrm{.}363002\mathrm{.}407002\mathrm{.}294002\mathrm{.}29400$B $-\mathrm{.}052002\mathrm{.}30500173,713175,383$

NOV $242\mathrm{.}638002\mathrm{.}666002\mathrm{.}575002\mathrm{.}57700-\mathrm{.}044002\mathrm{.}58900109,159273,256$

DEC $243\mathrm{.}089003\mathrm{.}111003\mathrm{.}012003\mathrm{.}01500-\mathrm{.}063003\mathrm{.}0250047,851129,190$

Spot Data:

$09/10/20242\mathrm{.}23$

$09/11/20242\mathrm{.}13$

$09/12/20242\mathrm{.}13$

$09/13/20242\mathrm{.}25).$ Describe the position they should enter $($long or short, contract month$).$Compute the hedge ratio using data from Data$\_$hw$1.$xls file.How many contracts do they need to buy or sell?Document the price gain or loss every day that their position is open.a$.$ What is the total cost after they have closed out their futures position, and made their payment?b$.$ What is the effective cost per mmBtu?