themdtrader

UNG - Bullish-neutral Iron Condor

Long
themdtrader Updated   
AMEX:UNG   United States Natural Gas Fund LP
The major activity in natural gas, especially over the past 2 weeks presented an opportunity to make a bullish-neutral bet.

31/32/42/43 JAN19 IRON CONDOR @ 0.73 CREDIT

General plan:
Roll if necessary & if possible to reduce risk.
Target maximum profit, unless significant profit appears early.

Comment or direct message for discussion, or on other interesting ideas!
Follow for updates.
Trade active:
31/32 Put Credit spread is currently being tested, at this moment patience is the name of the game. Waiting for price action over the upcoming days for an opportunity to reduce risk if needed. There's still a whole 35 days till expiration.
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.