Optionsellers.com

Good afternoon. This is James Cordier of OptionSellers.com, with a market update for March 28th. I thought we’d do something slightly different today. We’re going to talk about history, and then we’re going to talk about doing some very good option selling in 2016. Several years ago, many of you may remember Rita and Katrina slamming into the Gulf of Mexico and ripping out natural gas and crude oil platforms. At the time, natural gas prices starting to soar and people thinking “How are we ever going to find any natural gas? How are we ever going to get any more crude oil?” Prices spike. They go up some 40, 50, 60 percent basically overnight, and investors scramble to cover their shorts and go long commodities like natural gas. The entire time people are thinking “Well, natural gas will never come back down to the original price, certainly because of all the supply that has now come off of line. Two years later, of course, natural gas is trading below the price prior to the storms that hit, and now, in 2