AlexanderGotay

Double Ratio on Natural Gas (NGAS)

NYMEX:NG1!   Natural Gas Futures
The last 50 days, we got a nice move of over 50% in Natural Gas             over 50%. I just closed a covered Strangle for a nice profit and its now time to redeploy, since I think the price is going to slow down.

Price is over extended above the 20EMA and I expect a correction, so I just made one of my favorite trades. The double Ratio. I bought the 4.25 Call and sold two of the 4.45Calls and bought the 3.45 Put and sold the 3.25 Put.

This trade has a 74% chance to make money and my target is a profit of $800. Since I am using $2,100 to have the trade on, I am expecting a Return of 38% in 56 days (Not bad).


We make money as long as price stays in the green zone between the prices of 2.969 - 4.73 and since We have our Moving average above our break even in the downside we would need a pretty strong move down to get tested.
Trade ist aktiv: We got one of the biggest day move in the last 2 years yesterday, so I decided to close the Call ratio for a profit of $490 and Sold to open a new Call to reduce my cost basis in case this thing keep falling down.
Trade geschlossen: Ziel wurde erreicht: Closed for a $840 win.
I will read this
till the end of the week everyday , my friend :)
i,m so so tired to undersand it at glance,
buteverything with probaiity more than 51% is real thing :)
Antworten
@quql, Yeah the trade may look very complicated but its really buying a call and a put a little out of the money, and since I don't want to pay for them I sell 2 calls and 2 puts farther out to finance the trade so that time is on my side.
+1 Antworten
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