NG options

NG options are crazy. It's currently trading at 5.1 area and options for 12 Calls are selling for 0.015 (or $150). I think this is really free money. Chances of NG doubles in 26 is really none as it'd be similar for gas price to jump from $3/g to $6. Even if it gets there as long as it stays below 12, you get to keep the whole premium. Sure, you'll make more money if you catch from 5 to 6, but I'm talking about probability here.

The beauty of selling options is you make money;
1) If price goes in your direction, or
2) If price stays in the same, or
3) Even if price moves against you, as long as it doesn't go in the money.

Accordingly, I sol 9.5 call for $510. I'm thinking about selling more as with this cold, this is one of very rare opportunities.

[New] AMZN, NFLX

Sold AMZN 397.5/392.5 put spread for 0.65 Sold NFLX 377.5/372.5 put spread for 0.93 I've got a little wiggle room here, so let's see.

[Update] AMZN, NFLX, PCLN, USO, GLD

My 3 put credit spreads all expired worthless, which gave me the max profit. USO and GLD are doing ok. Patterns still look good, so I just need to be patient.

[New] AMZN, PCLN, GLD

PCLN 1175/1170 Put spread for 0.7 AMZN 390/385 Put spread for 0.58 Bought GLD Jan 119 Put for 4.35 The two spreads both expire tomorrow. I have a little wiggle room, but any up-day either today or tomorrow should give me the max profit. I thought about buying NQ, but I prefer spread trades. I think gold will go to 1100 level.

[New] Sold 2 NFLX 360/355 put credit spread

I sold 2 weekly NFLX 360/355 put credit spread for 1.25 or $250 (2 contracts) less commissions. With options expiring this Friday, we'll see what it'll do.

My spread result

I happened to jump in when markets are in a reversal mode (isn't it always? :D).

PCLN went close to all time high, but then turned around, sold off very hard, making my spreads in the money. What's worse was I created another put spread 1175/1170 to offset some, but boy was I wrong. This added another $200ish loss.

AMZN acted great, but again, it turned around and ended up being a scratch trade.

NFLX was the only one that did well with a max profit.

I'm still holding USO. It's about -$125, but it's a long term position, so we'll see.

I'm overall about -$70 for the year. Good news is I was able to pull the trigger and I'm still surviving.

USO Apr 37 call

Bought 10 Apr 37 call. It's been a while since I actually long, especially out of money, options, but I like CL.