After UNG passed below the $9 mark, I decided to exit two of my put positions which I bought to further cover a decline in the price of UNG. I will most likely be selling some calls on my UNG positions over the next few weeks even if they have to be longer-term in order to justify the sale. The new profit/loss info is below:
7/2/2009 -- Sold To Open 1 UNG August $13 Put @ 1.15
8/21/2009 -- Stock Purchase @ $13
8/24/2009 -- Sold To Open 1 UNG October $13 Call @ 0.60
9/2/2009 -- Bought To Open 1 UNG October $8 Put @ .4275
10/16/2009 -- Option Expiration
10/20/2009 -- Sold To Open 1 UNG November $12 Call @ .45
11/6/2009 -- Bought To Open 1 UNG December $9 Put @ 0.41
11/18/2009 -- Sold To Close 1 UNG December $9 Put @ 0.5025
The important purchase metrics are below for insight into possible profit and loss (these all include commissions):
Purchase Price: $1190.00
Current Cost Average: $11.185
Commissions (Included In Cost): $35
Possible Max Upside: 6.85%
Annualized Max Upside: 17.60%
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