Okay, so my long UNG             play didn't work out; after I entered the trade, NGAS continued to tank -- horribly, as forecasts for a mild winter came to the forefront and natty gas reserves continued to build to record levels. Ugh.

Nevertheless, i still want a natty gas long play. CHK             is the most beaten down price-wise of the top ten nat             gas producers, so it makes for a potentially cheap covered call play that offers a little bit more flexibility in terms of "working off" an error in timing the entry.

So, I'm diving in here, with the full expectation that this could dive further, in which case I will continue to sell short calls against the long stock position:

100 Shares CHK             at 4.47
Sell Feb 19 5 Short Call (.55 credit at the mid price)
$388 for a mid price fill (i.e., cost basis in the 100 long shares will be reduced to 3.88/share).
Comment: Rolling my 5 call down to the 3.5 for a .37 credit.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out