Tuesday, October 13, 2009

NG update

After missing 4.75 call sell at 0.6 within a few ticks, the value dropped to 0.2 or so, which means I could have made $4K. Not only that, NG just couldn't close above 5, so today it's tanking now with a nice head and shoulder top. I'm somewhat hedged with 5 call and 5.25 call, but this definitely tastes sour.

I was looking to get out all NG by this month's options expiration, but looks like the wait game starts again.

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