Saturday, February 06, 2010

UNG Calendars



BUY +10 CALENDAR UNG 100 JUL 10/APR 10 10 PUT @.42 LMT

Since this piece of junk has not moved and the skew seems favorable. Will try this calendar spread just to make it move!!! Ha ha hhahahahha.






Do note the perceived range is bewteen 9 and 11
for many months, as shown on the chart. $500 max risk to find out if there's any more in the pot. Profit target 20% after commish. Shorts are in apr so it will be slow going. Alerts set for just below 11 and above 9. If this thing moves toward those two points quickly. Some actions will be required.

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