hungry_hippo

UGI Earnings

Short
NYSE:UGI   UGI Corporation
Another cheap shot at possible big money, went into $40 Feb 21 puts.

Look at natural gas prices. That is all I have to say.

Trade closed manually: Bailed on open
Comment: Looks like it rolled over in the afternoon. Not touching this one, earnings looked pretty good, but the market is not interested in anything that has to do with LPG or natural gas.
Comment: Despite good earnings, chart pattern suggests a double bottom here as the market sells anything that has to do with natural gas.

If you still have those puts, you might as well hold them until expiration. I flipped mine for a loss.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.