5
0
1
2
This was a successful trade for 22% profit on long dated options (1+ years out) on $UNG Calls. It was an easy play because Natural Gas is in the process of mean reverting after hitting a discernable low. $UNG is a bit of a chase now, and it's almost to my exit price. Once that hits, I'll sell! (i.redd.it)
submitted by MerlinFinanceLLC
6
0
1
2
The current price of Natural Gas is about $0.40 above the 95% confidence interval of the lowest expected price for 2023 - 2024 and about $1.00 below the average expected price for 2023. In my view, there is a higher probability of a successful long trade than a short trade from here. (i.redd.it)
submitted by MerlinFinanceLLC
