Breakout in Natural Gas

The chart below shows today’s breakout in natural gas. UNG is up over 30% year to date. Today’s price move shown in the red bars is over two standard deviations. The bottom line on the chart is the ratio of the implied volatility to the statistical volatility, IV/SV ratio. I have talked about nat gas on my radio show, Ken’s Bulls and Bears report quite a bit this year and have been recommending it as a long position. $UNG is a part of my ETF covered call model portfolio.

UNG 04-18-2013

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About sellacalloption

Portfolio manager and chief option strategist for Fusion Asset Management. Professional option trader with VTrader Pro, LLC.

Posted on April 18, 2013, in Bullish Option Strategies and tagged , , . Bookmark the permalink. Leave a comment.

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