Company Profile New Fortress Energy Inc. operates as an integrated gas-to-power infrastructure company that provides energy and development services to end-users worldwide. The company operates in two segments, Terminals and Infrastructure, and Ships. The Terminals and Infrastructure segment engages in the natural gas procurement and liquefaction; and shipping, logistics, facilities and conversion, or development of natural gas-fired power generation. The Ships segment offers floating storage and regasification units, and liquefied natural gas (LNG) carriers which are leased to customers under long-term or spot arrangements. The company operates LNG storage and regasification facility at the Port of Montego Bay, Jamaica; marine LNG storage and regasification facility in Old Harbour, Jamaica; landed micro-fuel handling facility in San Juan, Puerto Rico; marine LNG storage and regasification facility in Sergipe, Brazil; and LNG receiving facility in La Paz, Mexico, as well as Miami facility. New Fortress Energy Inc. was founded in 1998 and is based in New York, New York.
Study them on an options site, then come back with questions and I'll try to answer them. Basically, you want a long leg with MORE time to expiry, ITM, and lower IV than your short leg (sooner to expiry, OTM and higher IV/greater time value). My basic equation - R/R = breakeven point MUST be below the current underlying price. This is >50% chance of profit. AND total Profit potential must be at least 1:1 against total loss potential. This gives >50% Profit / Loss ratio. When you satisfy these two rules and maximize their intersection, you have set the odds in your favor and can recur the trade for long-term steady profit. Obviously, some fundamentals must be looked at as well as market trends as support to pull the trigger. I was doing very well until the down market of 2022 caused significant pain. This trades works pretty well in sideways markets and extremely well in up markets. It fails in bear markets.