Sell to Open GMXR November 15 Puts
October 12th, 2009
I sold to open GMXR (GMX Resources Inc.) November 15.00 puts. A breakout from a flag pattern on higher volume this morning prompted the trade. The 15 strike gives me a little cushion and the premium I received will give me a great yield if this expires OTM.
GMX Resources is an independent oil and natural gas exploration and production company. This provides me an additional angle to invest in natural gas other than just UNG.
GMXR Hourly