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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (21796)	6/4/2010 11:25:29 AM
From: SliderOnTheBlack	1 Recommendation Respond to of 50498

re: UNG & Natural Gas... ================================================ Message 26537903 Message #21796 from SliderOnTheBlack at 5/6/2010 To: Crimson Ghost who wrote (21925) How To Use This Volatility........ You can sell the JAN 2012 $6 UNG LEAP Put for $1.21 premium. Would you be a buyer of UNG at $4.80ish? $6 - $1.20 premium = $4.80 cost basis +/- UNG Jan 2012 6.000 put (OPR: KAN120121P00006000) Last Trade: 1.21 Trade Time: 3:11PM EDT Change: Up 0.03 (2.54%) Prev Close: 1.18 Open: 1.21 Bid: 1.14 Ask: 1.31 Day's Range: 1.21 - 1.21 Contract Range: 0.49 - 1.15 Open Interest: 2,137 Strike: 6.00 Expire Date: 20-Jan-12 ===================================================== You can now close out this put sale trade for a + 47% gain, in less than a month. 1.21 - .82 = +.39 for a +47% gain. finance.yahoo.com UNG Jan 2012 6.000 put(OPR: UNG120121P00006000) Last Trade: 0.82 Trade Time: 11:03AM EDT Change: 0.00 (0.00%) Prev Close: 0.82 Open: 0.96 Bid: 0.77 Ask: 0.83 Day's Range: 0.81 - 0.97 Contract Range: 0.49 - 1.21 Volume: 2,074 Open Interest: 4,012 Strike: 6.00 Expire Date: 20-Jan-12 2,000+ contracts traded already today -- someone is actually making money on natural gas vs. talking about it. George, I have a question for you... I remember you doing a lot of talking about UNG and Natural Gas, but did you actually end up buying any <vbg>? SOTB