If you bought the UNG April 14 call, as it pulled back under our buy range, consider selling to close half of the position for gains. The underlying UNG ETF is up 85 cents on the day.
If you instead bought the UNG April 14 put on our error in the January 7th email where we recapped the trade and mentioned a put rather than the original call, consider holding it. I do not expect for the natural gas rally to last, as we near the warmer months of the year. Natural gas has an historical tendency to begin its yearly pullback around March of every year.
Hold all other open positions, including the volatility trades that began well as the Dow moved higher after recommendation, as well as the new homebuilder put options.
After a great 2014 run, I’d like to make 2015 our best yet.
Ian L. Cooper
Inside Value Trader