OPENING: /NG FEBRUARY 25TH 1.95/2.00 SHORT PUT VERTICAL

... for a 1.30 ($130) credit.

Notes: High rank/implied. Taking a bullish assumption directional shot with the short option leg at support ... .

Trade active:

Rolling the 1.95 long down for a 1.50 credit here on this down move; scratch at 2.80. Most don't like to do this, since it increases risk. The trade-off is that it improves your break even. I don't mind doing this here, since I started out smaller than I usually go and narrow with the spread.

Trade closed manually:

Cutting this off at 2 x total credit received; covering for a 5.55 debit, so a 2.75 ($275) loser.