Comments on: /NG UNG Day/Swing Trade Idea 5-2-25

By: Imadaytr8r

Imadaytr8r — Fri, 02 May 2025 16:54:13 +0000

In reply to rsotc. Yeah, the way I saw it is the $150 is my stop but the potential is wild! LOL I did pickup another 30 UNG May 9 put contracts .03ea strike 15

By: rsotc

rsotc — Fri, 02 May 2025 16:50:42 +0000

In reply to Imadaytr8r. Congrats on that long trade & best of luck on the short/puts. So far /NG stopping at but not reversing off that dual support yet so let's see what happens the rest of the day and/or into next week.

By: rsotc

rsotc — Fri, 02 May 2025 16:49:01 +0000

In reply to Mikeflegel. No need really but here it is. /NG is at dual resistance and UNG is simply a proxy that attempts to track natural gas prices via futures contracts but will under-perform over time due to the expenses incurred. As such, the charts of /NG are much more important than those of UNG.

By: Imadaytr8r

Imadaytr8r — Fri, 02 May 2025 16:32:42 +0000

Hey Randy, I didn’t get into your long trade on UNG until Wednesday on a May 16 option but still doubled my money! So today I bought 50 contracts on UNG Puts for .03 …. ($150) strike 17.5 … Max potential profit $87,500 (according to TOS) LOL

By: Mikeflegel

Mikeflegel — Fri, 02 May 2025 15:48:57 +0000

Can you please include UNG thanks