NG is -10% or so today. How unlucky I am! This was exactly what I was worried about, but I think I played odds. Only 15 mins to NG market close, Apr NG is being traded around 3.94. I don't think it'll close above 4, so I did offset it and bought 1 Jun NG.
Sold 1 Apr NG at 3.941
Bought 1 Jun NG at 4.16
So now, I'm holding 2 June contracts, so I'll place an order to sell 2 calls near 4.5 - 5. I'm not sure if I want to go all in or one here and there, but that won't be until NG has some move higher.
Just a side note, I sold 1 Apr 4 put for $3100, so by exiting 3.941, I made $2510 less commissions.
Thursday, March 26, 2009
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment