KOLD snap

Sold Feb 19 270 call @ 2.70. Strike price over 110 points higher than current price and 2 standard deviations away. Not that standard statistical measures and probabilities have as much relevance with reverse leveraged ETFs based on commodity futures but it’s something. The more important factor here is the tracking error headwinds that will keep this ETF down; because of that it likely won’t get back to its December high of 223 even if natural gas gets back down to the corresponding low it reached then.