NG roll over

I rolled over nat gas as follows:

Sold 1 Apr NG at 4.297
Bought 1 Jun NG at 4.497

Remember this doesn't mean I lost money. It's just where the current bid/ask is. I also placed an order to sell 1 Jun 5.25 call for 3.1. It seems NG has to move at least 0.5 or so for my call to get filled, so it'll take a while.

In the mean time, last Thursday (3/19/09), Nat gas shot up, so my 4 Apr put is current out of money profiting about $3K. This expires coming Thursday (3/26/09). What's interesting is Nat gas report comes out on the same day. It's currently out of money by 0.27 which can easily go back in the money, so I'm not sure if I want to get out before that or not because options sellers' upside target is limited.

However, if it goes back in the money and I get assigned, my avg price of the outright position is lower, so I can probably sell 4.75 call for $5K on 2 lots or so instead of waiting 5.25 on 1 lot to get hit. As a matter of fact, this is what I'll do. I either let it expire worthless or get assigned.

As a side note, this blog helps me trade better because I can clear up my mind and look at how I trade from the 3rd person's view although not many people visit here.