KXNGASMAX-25DEC29-P3
Will the price of natural gas get above $3 per million BTU by December 29, 2025?
3.01 or above
$1.0
Market Snapshot
| Bid | Mid | Ask | Spread | Prob (Mid) | |
|---|---|---|---|---|---|
| YES | $0.46 | $0.73 | $1.0 | 54.0¢ | 57.48% |
| NO | $0.0 | $0.54 | $0.54 | 54.0¢ | 48.44% |
Order Book (Top)
| Side | Best Bid | Bid Size | Best Ask | Ask Size |
|---|---|---|---|---|
| YES | $0.46 | 111 | $1.0 | 0 |
| NO | $0.0 | 0 | $0.54 | 111 |
| Microprice | Imbalance | Depth ±$0.05 |
|---|---|---|
| $0.73 | 0.0 | 0 |
| $0.54 | 0.0 | 0 |
Fair Probability Band & Arb
| Prob Band (0–1) | 0.460 – 1.000 |
| Band Width | 0.540 |
Edge & Time-Weighted Vig
| YES Edge (ticks) | -42.52 |
| NO Edge (ticks) | -11.48 |
| Vig (bps/h) | 2 |
State Change & Momentum
| Metric | Value |
|---|---|
| ΔMid ($) | — |
| ΔSpread (¢) | — |
| ΔLast Trade ($) | — |
| Micro Pull ($) | — |
Tightening (ΔSpread < 0) shown in green. Positive Micro Pull = buy-side pressure; negative = sell-side.
Timing
| Opens | 2025-01-01 10:00 AM ET |
| Last Trade (Close) | 2025-12-31 01:59 PM ET (98d 14h 10m) |
| Expected Expiration | 2026-01-01 10:00 AM ET (99d 10h 11m) |
Book & Activity
| Liquidity | 20096150 |
| 24h Volume | 0 |
| Open Interest | 188 |
| OI Turnover (24h) | 0.0 |
| Status | active |
Cost to Breach Targets (YES Book)
| Target | Cost ↑ | Cost ↓ |
|---|---|---|
| 0.05 | 2960.2 | 4558.3 |
| 0.25 | 6115.4 | 1403.1 |
| 0.50 | 7518.5 | 0.0 |
| 0.75 | 7518.5 | 0.0 |
| 0.95 | 7518.5 | 0.0 |
↑ uses asks to push up; ↓ uses bids to push down.
Rules
Primary
If the spot price of Henry Hub natural gas hits above $3 per million BTU on any day between January 07, 2025 and December 29, 2025 as reported by the EIA, then the market resolves to Yes.
Related Markets
Liquidity and Market Impact Overview
This shows the cumulative value at each price point based on current bids and asks for each side.
Yes 🔵 Market
No 🟡 Market
🤖 AI Market Insight
This summary is generated based on trade data and external information. It reflects where the market may be leaning based on large trader behavior and current price dynamics. For entertainment purposes only. This is not financial advice.
AI Summary:
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Last updated: 2025-09-24T04:48:11.084445
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