Wednesday, March 7, 2012

Sold 1 Apr NG 2.45 put for 0.215

I just sold 1 Apr NG 2.45 put for 0.215 (or $2150 less commissions). For this trade, I want to get assigned, so I went deep in the money. If I get assigned on this on expiration (3/27), my break-even would be 2.5955.

Overall NG looks pretty bad. Charts don't show any sign of bottoming. The only support is that it can't go to zero. Heck, it even broke the triangle to the downside. I planned on scaling in every 0.5, but I waited just to be careful.

What can I do when there's 10 year historical low....

No comments: