Just because we cashed out, doesn't mean we don't have any more trade ideas.  This one is fun:

UNG/Den - GMTA!  If you want to play UNG here ($5.55) instead of /NGV8 at $2.80, I'd go this way:

• Buy 50 UNG 2020 $4 calls for $2.05 ($10,250)
• Sell 50 UNG 2019 $5 calls for $1.25 ($6,250)
• Sell 25 UNG 2020 $5 puts for 0.70 ($1,750) 

That's net $2,250 on the $5,000 spread but you have a year to roll the short calls so hopefully a $10,000 spread if all goes well (the 2020 $6 cals are $1) and worst case is owning 2,500 UNG at $5 + $500 ($13,000).   If we had a portfolio, I'd put this in it!  

Nasdaq still failing 6,300.

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