TRADE IDEA: UNG JAN 22/24 LONG CALL VERTICAL
Max Profit: $164/contract
Max Loss: $36 (assuming mid price fill)
Break Even: 22.36
Notes: A play put on at /NG lows ... . UNG's not my favorite instrument in the world, nor is it the most liquid that far out in time. It's also possible that /NG could trundle lower, since peak injection generally doesn't occur until later in the year on average.
The pictured setup prices out at .18 bid/.36 mid/.53 ask and would pay well if we get another Polar . If we don't, we'll you aren't out much ... .