Options On NG Futures - Broker?

What's an ung oct 40 50 cs?

 

ung is the etf that tracks natural gas. i bot the October 40 50 call spread for 2.20

 

thats a decent trade. if ng settles oct at 7.00 or so, that spread will be double.

good way to sell the volatility as well.

 

go short a highly leveraged zero coorelated short term instrument.