Trying to Catch a Falling Knife

It's a cliche on Wall Street. "Don't try and catch a falling knife." I couldn't resist; even knowing Natural Gas supplies are running ahead of short term demand. I bought calls on UNG on August 27. I will build a spread by selling higher strike price calls. It is customary to buy and sell both sides together as a hedge, but the speculator in me likes the asynchronous action.

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