Playing for a bounce in natural gas prices.

The decline in natural gas prices looks overdone to me. We've had a warmer than average winter across much of the globe pushing prices down, but I think prices look ripe for a bounce. Using the ProShares Ultra Bloomberg Natural Gas ETF, BOIL I'm going long here. BOIL does issue a K1 so I'm buying call options to avoid having to deal with the K1 at tax time. Going long the March $13 strike for a price of $3.10.

Trade active:

This trade has gotten me killed so far. Still holding out for a price spike, but I don't know how much longer. May have to close soon and admit defeat.