I came across some news today that made me do a small trade in my mini-account. I’m still primarily in cash but because my mini-account has such a small amount, I figured this trade would be no big deal. I picked up 300 shares of UNG at about $39.25 and sold the October $40 call for about $2.20 each which means I’ve raked in $660 (5.6%) return in under 30 days. If I get called at $40, then I’ll earn an additional 1.9% return on top of the 5.6% return I’ve booked now. If UNG drops down, I’ll sell December calls (winter is coming and a little bird told me it would be very cold ).
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