jonas grumby - 7/10/2017 07:47

not a perfect plan but I have $3.70 puts purchased on 50% of anticipated production and sell orders in place below the market currently at $3.80^4 in the Sept and $3.89^4 in the Dec that would get me to 150% sold. Not great prices but I have my butt covered if we scream lower. I will move those orders up if we move higher. First move will be to move Sept offer up to just below todays low. We made a new high so I figure if we trade below todays low today was a false breakout that I will sell. I am a believer in buy strength and sell weakness but also believe that to sell weakness for a producer takes stones so that is why I have my others in place beforehand.