Another great call.
After successfully trading natural gas puts with a long term expiration in 2015, came back to natural gas again in this first month of 2016.
Here’s the contract that I picked on.
UNITED STATES NATURAL GAS FUND, LP FEB-16 $8.00 PUT
(UNG Feb 19 ’16 $8 Put)
Alerted in early January and was placed into the Pro Portfolio.
See chart since then.
Puts prices on this contract went from under $0.40 (ask) to over $0.70 (bid), as of 2/2/16. Plenty of opportunity to exit with nice profits.
2/17/16 – closing price above $0.88