TradingView
DontSlamTheDoor
Nov 2, 2021 2:30 PM

UNG swing for NOV 19 Long

United States Natural Gas Fund LPArca

Description

Swinging the NOV19 18c. Should produce a nice r/r if the pattern plays out. Looks promising right now.

Comment

Forgot to include the short leg when first published, the 20c. I Closed half the calls and added to my butterfly position NOV19 17c/19c/20c @ .44 and I believe those are up about 30%.

I did this because I should've recommended the trade be opened as a debit spread, not a long call. There's only a defined risk/return on the spread, long calls have an infinite return, theoretically.
More