UNG and Tastyworks

#SyntheticShortStock – Just for fun I funded an account over at tastyworks. Taking a short position in UNG with spring right around the corner. Also, it’s a slow mover with a slight bit of contango in it and just reversed split recently. Low maintenance to get accustomed to the platform over there. So far I like it.

Haven’t found a place to copy and paste my trades to here so I’ll go the brief route:

Jan 2018 25/25/27 synthetic short with disaster call @ 2.23 debit and 4.23 max loss

4.23 max loss with 52 weeks remaining need to sell 8 cents per week to cover worse case scenario

So:

Sold UNG Jan 26 2018 puts @ .22