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.
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.
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,