Last week I began accumulating ung calls 2022 expiry for the next large cycle up. I am 90% certain we will have a terrific bull run but I am not sure where the bottom is. I can say with a high level of confidence that we are in a bottoming pattern but, like you, I cannot dismiss natgas hitting the 1.3-1.5 range. My calls are currently in profit but I may decide to hedge with puts to cushion the downside. I do not want to miss the enormous potential ahead! I normally am firm with options trading but I might even consider a hefty UGAZ position if we see natgas tocuh 1.3-1.5
UnknownUnicorn540299
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@gghsusa, Well, 2022 is far out ahead and hedging at these levels wont matter much as its only 1 month ish. Definitely not wrong to accumulate in this time zone.
gghsusa
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@viking83, Yeah. This is what I'm seeing on a weekly/longer term perspective.. big cycle coming. But- where is that bottom finalized? It's very close but it can surely drop another 30%