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.
Wednesday, December 24, 2008
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