I just bought back the 5 contracts for $0.80 that I sold last week for $4.30. I actually made the 80% profit threshold I wrote about recently and decided to buy the contracts back. I sold them for $2141 and bought them back for $408 with a net profit of $1733 or 8% profit in 4 days. I still suspect that DUG will rally as oil prices drop abruptly once we get past these government market shenanigans but anything can happen. I could sell January 09 $43 strikes for about $3 to rake in another $1500 but I’ll wait to see what happens with DUG over the next couple of weeks.
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