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Jack Haddad
  • Increasd position on UNG and wrote more June strike 15 calls 6 comments
    May 20, 2009 1:13 PM | about stocks: UNG

    Added 1 block at 15.22, and wrote 100 June strike 15 calls at 1.10/contract for an intrinisic time value of .88/share. 

    Stocks: UNG
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Comments (6)
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  • UNG
    , contributor
    Comment (1) | Send Message
     
    UNG is not acting well here any comment on it...it seems like $ 15 not a very good support....also I see some put interest. thx
    22 May 2009, 01:52 PM Reply Like
  • Jack Haddad
    , contributor
    Comments (96) | Send Message
     
    Author’s reply » In my situation, I'm still ahead becuase the the calls I hedged against the shares still have time value to protect me from losses. Shares today flirted with 13.70 to 14.00. To further maximize my position, I will be dollar-cost-averaging should the shares trend lower, or i will scalp shares (intraday trade)
    22 May 2009, 07:01 PM Reply Like
  • jratl
    , contributor
    Comments (42) | Send Message
     
    Even with rigs coming off-line, the supply is outpacing demand (5 year highs in inventory). I'd give it two more months before it has a chance of recovering.
    23 May 2009, 11:24 AM Reply Like
  • Jack Haddad
    , contributor
    Comments (96) | Send Message
     
    Author’s reply » But if the market is a discounting mechanism (looks 6 to 9 months ahead), shares of natural gas should be climbing now ahead of the recovery.

     

    On May 23 11:24 AM jratl wrote:

     

    > Even with rigs coming off-line, the supply is outpacing demand (5
    > year highs in inventory). I'd give it two more months before it has
    > a chance of recovering.
    24 May 2009, 07:07 AM Reply Like
  • jratl
    , contributor
    Comments (42) | Send Message
     
    When the price does climb, I believe it will go significantly above 15 and the action could be rapid. Would you be looking at buying calls beyond June?
    24 May 2009, 10:58 AM Reply Like
  • Jack Haddad
    , contributor
    Comments (96) | Send Message
     
    Author’s reply » No, I never buy calls. I only write calls... There is a big difference. When you buy, the decay on the premium works against you. When you write calls, it's the opposite. The decay works to add premium to your portfolio value.
    25 May 2009, 01:16 AM Reply Like
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