Wednesday, December 24, 2008

NG Update

Jan Natural Gas (NG) is close to 6, which makes the value of Jan 5.50 put worthless. Thus, I keep all the premium I wrote. The total profit of this trade is $3180 less commissions.

Since NG is rallying, I'm not able to do anything until NG drops somewhere around 5.5 again. If so, I'll sell 'Feb' NG put again.

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