Out Most UNG Puts
@RipcordLoki：
Thur Sep 8 Booted most of the position (for a profit) on the NG pop above 8 this morning. Nothing to write home about. Sept is generally a crappy month. I firmly believe significant earnings downgrades are in store for later this year. While stocks deserve to crash from here, they could also just chop lower to frustrate everyone. Short option premium plays (with a directional bias) are generally the easiest profits. Selling calls on overbought stocks (with weak fundamentals) and selling puts on oversold stocks (with strong fundamentals) can be a good setup for short strangles that hopefully benefit from some mean reversion. Good trading!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
1
Report
Login to post
No comments yet