Follow me on Twitter!

Showing posts with label UNG Feb 10 2023 $6.50 put. Show all posts
Showing posts with label UNG Feb 10 2023 $6.50 put. Show all posts

Friday, February 10, 2023

Options trading : US Natural Gas ETF (UNG) semi-bullish trade

    GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.


2/3/2023 (12:45:50 pm, PT)

sell -1 Feb 10, 2023 $6.50 put at $0.03

  • prob ITM/assignment: 8%
  • UNG = $8.22 (-0.16)
  • 7 DTE
  • oversold

Why did I place this trade?

Because I wanted to get assigned 100 shares at $6.50/share so I could implement "The Wheel" strategy.


2/10/2023 (Expiration)

UNG closed at $8.79

PROFIT:  $3.00

I did not get assigned the 100 shares, but I still got paid $3.00 for waiting.


   GET WEEKLY TRADE IDEAS HERE.

FREE OPTIONS TRADING LESSONS HERE.