Options desk

The Desk

Trades + overlays · sell before expiry

$26,850

17 names · 50 contracts

Desk

Overlay · Moonshot

NEXT

NextDecade

Plan

Cut
Weekly close below $6.
Take profit
No tick TP. First-gas / Q4 timing.
  1. 10× Jan ’28 $5C @ $3.37, $3,372. Spot ~7.12. ITM.
  2. Cut: weekly close below $6.
  3. Leave it until they slip first gas or $6 weekly goes.

The take

The only line that is allowed to be boring. Ten Jan ’28 $5s, already ITM, first-gas thesis. Weekly $6. Do not manage this on a Tuesday.

Do not buy stock to ‘complete’ it. The option is the size.

Expression

  • 10× Jan ’28 $5C @ $3.372

$3,372 cost · 514d

Tape

Marking…

Stop

Weekly close below $6.00

Thesis size, long-dated, already ITM. $6 is the 20/200 cluster. Don’t manage this tick-by-tick.

Outlook

  • Rio Grande LNG first gas (late ’26 target)Open · before expiry

Weekly close below $6. That’s it.

News

Quiet on this name.