#LongPuts #LEAPS – I’ll take a shot with a half size starter. Longer term bearish mainly due to contango and global warming 🙂 . Going out to 2020 since option prices aren’t that much more to get an extra nine months. I’ll sell aggressively in the beginning and then hopefully be able to get out of the way later on. Planning on selling about every 30 days so still only need 23 cents in each sale.
Bought to Open UNG JAN 17 2020 28.0 Puts @ 3.55
Sold UNG NOV 30 2018 27.5 Puts @ .71