Monday, February 13, 2012

UNG update

No real rebound.     If I were trading the stock I would sell as there as the impulse system went red on the dailies.  The Weeklies would still permit the buy.     My position is a 1 X 3 option back spread,  so even though the stock has traded down pretty significantly,   my position is  still even.    I will make money as long as this trades below 6 or above 7.95.

Of course, its not exactly a great trade to hold through july expo for a .05 credit.

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