hey BH, they were ok, sold them yesterday...i got them at .18 and out at .45 sold a little early yesterday. apple calls were the rockstar in at .91 and out at 2.41. didn't catch the low or the high but thats what you get when you walk away from screen. I had 25 of the UNG puts and 100 of the apple calls. the thing with options is if you are up don't wait. take a profit.
I bought apple 131 calls for expiry today (only 10) and have 100 ung 13.50 puts only paid .04 for those. so not a lot to lose...small about of house money.
good luck with gas and oil trades. oil seems intent on not budging right now despite the inventory levels.
last year it was snowmobiles across the frozen marcellus (you remember those posts man that was cold) …..now going to florida and bahamas for a couple months. last time it was italy. ahhhhh. Gonna spend some quality time with the wife, sun, and seafood. You guys know I love my wife and we love great seafood especially calamari fra diavlo. time to relax.
anyway gonna lay off trading and posting for a while. to be honest the gas trade has been very disappointing. made a little and lost lots. I've had to go to apple puts and calls and thankfully thats netted enough to help take some time off. My guess is gas gonna slowly sink lower for a long time. keep your eyes on where storage ends plus oil….. will see decay in dgaz, ugaz and ung. So I'm out for now.
good trading to all and will probably catch you guys back in june-july sometime.
+1, I bought a lot of april calls today….who knows a couple of weeks of tight supply surprise and we got another ball game. have a good weekend
+1 this is excellent advice. you can stay away from a lot of pain if you get a decent entry and time +luck can help. Only play with what you can afford to lose.
I sold 15 dollar calls today and got a great multiple and gave some back on those 15buck puts. sometimes its just luck
-those big put options fizzled the big ones were not mine….eskimo did ok with the calls but lost about 1k on those cheap puts. can't win them all.
-the April 17th 16,17,18 calls really started moving today. (they are dirt cheap as well)
-couple of consistitent -solid up days so maybe we turning northbound
have a nice weekend all !!!!!
I keep trying to tell you guys, with gas its wells not rigs. my opinion, way too many wells are open right now and trying to make money here. very hard to get well data. If we get freeze offs in the marcellus we could get nice upside surprise over the coming 2 weeks. last year freeze off were a non starter so maybe this year yes
my bid is for .02 cents so not much to lose. (100 contracts is what I'm looking to buy right now) the only way its gonna work is if gas runs up more today and then gets pulled back.
I put a day only bid in yesterday, walked away from the screen, check the close or the low for yesterday it filled at .01. once you own the options you can sell them which is what I did this morning.
in the beginning its a learning curve and you pay for it. lately do much better and sleep much better with the options. try trading one puny lot and you'll get hooked. very hard for me to resist the 15 dollar puts for today. sold most of the calls already
+1 looking good-lots of 14z and 15z to cash in today. but days far from over. most likely those big blocks 13.50s got sold yesterday. I saw a lot go for .03-.02
to me, I'm thinking this is not about storage or rigs. just no enough lipstick on it yet. did you write up the post on btu's? that makes sense this year.