Option Investor
Newsletter

Option Writer Watchlist

HAVING TROUBLE PRINTING?
Printer friendly version

UPL Hedge - Ultra Petroleum is bouncing nicely while oil futures are declining. I would like to hedge the position by selling out of the money calls against the April 70 Puts. This will create a short strangle where the highest of the two margin requirements will determine the total cash required. The stock is currently at approximately $77/share. Resistance is near $80.30

.

Option Writers Newsletter Archives