Bought UNG options targeting $12 by Oct; sold half at 25c to recover cost; plan to sell rest before descending resistance.
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That was playing UNG. Make them say "Ung." This is uh United States Natural Gas Fund LP. This is basically a an additional way to trade Nat Gas. And this kind of more measures the futures.
This kind of looks at the uh the next monthly future close.
Well, we ended up nibbling in into some Nat Gas ETF plays here, the UNG plays. And we got some options, some October options. We're basically I was just betting on it going to $12 by October.
Bought in right around 11 cents. I didn't quite catch that 10 cents pico bottom. But got in at 11 cents. This thing shot up over 25 cents today. I sold I basically sold half my position at 25.
So, I already made my money back on this trade. And I'm leaving a few just basically uh, some options there in case it continues to move higher cuz options can really move,
We do have this descending resistance. Keeping an eye out on that. I'm going to go ahead and delete that. Look at this descending trend line. I would definitely, definitely sell before we even get here, folks.
There's no guarantee cuz this thing really can move,
What this channel has said about $UNG
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