$UNG

Bought UNG options targeting $12 by Oct; sold half at 25c to recover cost; plan to sell rest before descending resistance.

BullishHe framed it in months
“The Natural Gas Options Trade That Doubled Overnight”
Verified InvestingPublished Aug 26 · 4 passages

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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

Verified Investing has 2 calls on this stock; only the adjacent ones are shown.

2026-08-26BullishThis one
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.
2026-08-25Bullish
Next up into nat gas, you can see here nat gas has been doing a great job ever since here on Monday, August 10th when price got back above this key level at $2.75. And when it did so, notice this consolidation that's occurring since then. All very nice bullish consolidation following a V-shaped recovery on that chart. We've got a key threshold to get over at $2.90. We've had price both on Wednesday, the 19th of August, and Monday, the 24th of August, get very, very close to touching and testing those ranges, but then you can see price is simply rejected it. Now, we have price uh navigating back up to the high range of the consolidation again today. I'm anticipating this bullish consolidation to result in a break above this $2.90 level into the next key level of resistance just over $3 at $3.04.
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