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Gold/Mining/Energy : NGL to da moon (well, maybe to $10?)!!
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From: Elroy9/7/2023 10:10:43 PM
   of 127
 
Ok, well, lets see.

Today, NGL was about $3.81 or so.

I sold April '24 $5 puts and bought April '24 $2.50 calls for a net profit of about 15 cents.

So here's the curious bit.

$3.75 is the mid point of $2.50 and $5.00.

NGL was about $3.80, so the $2.50 call should be worth a small amount more than the $5.00 put.

But it wasn't, the call was worth less than the put. I bought the call and sold the put, and made a small bit of cash.

Why ya think the $2.50 call is worth less than the $5 put, when the $2.50 call is more in the money than the $5 put?
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