With natural gas prices continuing to be depressed and likely to go down a bit more I decided to buy into some natural gas producers long and sell short using FCG so I purchased 500 shares slightly below $18 and sold the June $18 strikes (2010) for $1.58 to rake in about $800 or (8.8% return) in less than 4 months. If we have an economic recovery and energy prices climb up I’ll likely be called and sell my shares, if the economy plunges into the abyss then I’ll be happy holding FCG for the long haul….I gotta make me some money in this market!
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