בס״ד
Pierce the Veil! (UNG)
Posted on December 27, 2019
We’re now well into our advanced, year-end, MAD magazine editorial schedule, so you’re getting your damn commodity trade, but post-Boxing Day – holy of holies for those still beholden to the British Commonwealth.
Before we get to the day’s trade, though, we have to address a separate open initiative that now requires your attention.
The trade was opened way back at the end of May, but circumstances forced us to roll it out, and on November 28th we pulled up short the UNG December 27th 21.50 PUT.
As that lass is certain to end up deep-in-the-money on expiration, it’s time to roll her out again.
Buy it back today for $5.00 and sell the UNG April 17th 22 PUT for $5.05. You add four months play to the trade and a nickel to your credit, for a total of $0.14.
And as for this week’s work…
The idea is brief, it’s a play on mining gargantua VALE S.A. (NYSE:VALE), and the good Lord willing, it’ll be faithfully delivered to your inbox after the Holy Sabbath.
Many happy returns,
Matt McAbby
Next Post »
Pierce the Veil II! … as promised (VALE)
Recent Comments
Matt McAbby on Critical Dow Theory Announcement – A ‘New Henceforth’ Arises (TPOR, DUSL): “bs’d Hi David, Happy to help. Just not sure which half you’re in and what the details are. Can you…” Jun 23, 10:58
on Critical Dow Theory Announcement – A ‘New Henceforth’ Arises (TPOR, DUSL): “I am still in DUSLand at a loss because the agent helping me put me in it first and then…” Jun 23, 05:00
on Critical Dow Theory Announcement – A ‘New Henceforth’ Arises (TPOR, DUSL): “I don’t get how the DUSL TPOR trade can’t lose. Assuming one contract. 1. I short DUSL and collect $3135…” Jun 3, 17:19
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on TRADE BULLETIN: Shut Down Your Alaskan Cruise Trade (12/9) Before She Leaps Off a Glacier! (TLT/HYG) and… The Importance of Proper Thinking: “Closed TLT for $2.12 on an initial CREDIT of $.10. Great setup! Going to enjoy a nice bourbon tonight. All…” Feb 9, 20:56
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