Natural Gas (UNG) tradable range

24 apr

Selling PUTs on Natural Gas ETFs seems a decent income prospect at the moment. Not only are there auspices of a falling wedge breakout, but an increase in momentum may be acting as support at the lower end of a months long trading range. These formations are already seventy five days in the making, providing some confidence in the likelihood of our bullish presumptions coming to fruition.

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8 mag

Trade chiuso: obiettivo raggiunto

I'm new to "ideas", but when the price crossed the upper end of the range during the breakout on the 25th, I bought back PUTs at a 25% discount.