Getting ready for ride#6.I have bought around 7 and sold around 7.50, 5 times already in last 2 months or so.It keeps on working. <I know one day it wont and could take back all my profits><UNG has to got to 4.25 for me to lose all my profits for last 2 months, I dont think it will. But I never say never.>
I've done the same except with calls. I wouldn't want to be short when UNG keeps bouncing off the $6.80-6.90 support area. Also, the market is collapsing, yet UNG is holding up well. Not a great sign for the shorts.