– SOLD STRANGLE UNG 100 JAN 15 26/18 CALL/PUT @1.20
Looking for UNG to consolidate a little bit and then pop. When it comes down I may go long instead of this neutral biased trade. With a %80 IV the pricing is good for selling. I have an alert setup for if the stock price gets down around $20 but I’ll be watching it everyday. If it goes below $20 I’ll probably go long.
11/26/14 – BOT +2 UNG 100 JAN 15 26 CALL @1.06
12/1/14 – BOT +2 UNG 100 JAN 15 18 PUT @.52
Lost about %25 after commissions. I got scared. I didn’t feel like managing the rolls and bull shit. Fuck it! I legged out and that’s pretty dumb. I turned a neutral biased trade into a directional which is not smart. Natty gas gapped hard and I just said seeya!
DISCLAIMER - JVOND SUCKS AT INVESTING! FOR LEARNING PURPOSES ONLY!