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US Natural Gas (UNG) Trading Near $22.30 Support Level

Feb 09, 2018 ( via COMTEX) --

US Natural Gas (<a href="">UNG</a>) closed Feb 8, 2018 at $22.73 and technical indicators recently have been bearish. With those figures in place, the algorithms behind's Artificial Intelligence Center have identified a couple of attractive trading opportunities in US Natural Gas for today. For investors looking for a high return, a diagonal spread pairing a long position in the Jan 18, 2019 $15 call and a short position in the Jul 20, 2018 $22 call for a net debit of about $6.68. This trade has an assigned return of 4.63% and 4.61% downside protection. For more a more conservative play, look at a covered call using the Jul 20, 2018 $22 call for a $6.68 net debit. This trade has an assigned return of 5.36% but the downside protection increases to 8.17%. Over the last 52 weeks the stock has traded between $20.40 and $31.84.A

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