Bear Put Spreads Below the 200-Day
Bear Put Spread50 trades pass on UNG
- Return on risk
- 31.6% to 273.8%
- Probability of profit
- 36.4% to 71.9%
United States Natural Gas Fund, LP · ETFETF
In the app, stock prices are live and options data is refreshed intraday.
UNG last closed at $10.15 with 30-day implied volatility of 67.3%. That is in the lower half of its one-year range (IV rank 50), so premiums are on the modest side for UNG. Measured by IV percentile, IV is higher than 88% of the past year's readings. Options expiring Dec 11 (28 days out) price a one standard deviation move of about $1.84, or 18.1%.
The price is below both its 50-day (-1.3%) and 200-day (-7.9%) moving averages. It is 39.9% below its 52-week high and 12.8% above its 52-week low. The 14-day RSI of 52.7 is between 30 and 70, neither overbought nor oversold. The 14-day average true range is $0.39, about 3.8% of the price, a measure of a typical day's range.
Option volume at the close (20.1K contracts) was 0.6x its average, quieter than usual. A negative beta of -0.43 means UNG has tended to move against the broad market. 4 of our preset screens found trades on UNG at the close, led by Bear Put Spreads Below the 200-Day with 50 trades.
Expected move = price x at-the-money IV x the square root of (days to expiration / 365), a one standard deviation range. The straddle is the at-the-money call plus put, the market's own price for a move. Compare expected moves across stocks.
| Expiration | IV | Expected move | 1 SD range | Straddle |
|---|---|---|---|---|
| Nov 18, 20265 days | 56.8% | ±$0.67 (6.6%) | $9.48 to $10.82 | $0.55 |
| Dec 11, 202628 days | 65.4% | ±$1.84 (18.1%) | $8.31 to $11.99 | $1.46 |
| Jan 15, 202763 days | 71.3% | ±$3.01 (29.6%) | $7.14 to $13.16 | $2.37 |
Each expiration has its own implied volatility, and short-dated IV reacts more to near-term events, so the nearest expiration can differ a lot from the 30-day figure.
Counts and ranges for UNG from our preset scans at the last close. Open a preset in the app to see each trade with its strikes, prices, and risk, refreshed intraday. Income strategies show annualized return; the rest show return on risk.
50 trades pass on UNG
44 trades pass on UNG
2 trades pass on UNG
1 trade passes on UNG
Market data as of the prior close, for information and education only. Not investment advice. Options involve substantial risk and are not suitable for every investor. See our Terms of Service.