UNG swing for NOV 19
Swinging the NOV19 18c. Should produce a nice r/r if the pattern plays out. Looks promising right now.
Note
Forgot to include the short leg when first published, the 20c. I Closed half the calls and added to my butterfly position NOV19 17c/19c/20c @ .44 and I believe those are up about 30%. I did this because I should've recommended the trade be opened as a debit spread, not a long call. There's only a defined risk/return on the spread, long calls have an infinite return, theoretically.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.