Category Archives: Covered Write

Bullish positions in UNG (US NAT GAS Fund ETF)

Underlying chart … A few different approaches to initiating a bullish position.  Each one has it’s nuances in terms of capital required, P&L. – A call debit spread, financed by the sale of cash secured puts. – A synthetic covered call … Continue reading

Posted in Bull Call Spread, Commodities, Covered Write, Diagonal, Natural Gas, Options, Short Put, UNG | Leave a comment

USO Synthetic Covered Write (Diagonal)

Click here to view chart/PL diagram. Factors under consideration – USO has been between the 36.5-42 range over the course of this year. – Implied volatility is very low compared to the historical range. – Possibly looking for some appreciation … Continue reading

Posted in Commodities, Covered Write, Diagonal, ETF, Options, USO | Leave a comment