I chickened out of my Widow Maker spread and closed out my position. I replaced it with a 2.7 / 3.6 strangle giving me a total of 2 strangles on. My plan is to strangle the widow maker and make some gains or at least scratch the entire trade.
Horrible puns intended.
Natural Gas in seasonally slightly bearish, the dec16-dec17 spread is showing a lot of weakness compared to the spot price. I'm short from around 2.9 looking for 2.75 and we'll see from there.
