Figure 4. The Profit and Loss of Amaranth’s Natural Gas Positions in September.
Note: Losses each day are computed based upon the actual positions Amaranth had at the close of the prior day. From September 18, 2006 onwards, the positions of Amaranth were not available, thus the returns are computed assuming Amaranth maintained the positions they had at the close of business on September 15, 2006.