Nat Gas

Everyone, even my dad has been wondering what the hell is going on with Nat Gas lately? I'm pretty sure its a supply and demand issue, but that's not important. What is important is that implied volatility is at the high end of the range for the year. IV on UNG had a high of 88% at the beginning of Sept and is now around 80%, that's a 8% decrease in the IV. Some people might say "So what Phillip, what does that have to do with me"? Well they might not know that when IV is high, option premiums are high and I think UNG capitulated. If you look at a historic chart of the $VIX it would travel between 15 and 30, 30 was a buy signal and 15 would be a neutral or sell signal. Now with the extremely high IV levels on UNG I think Nat Gas is done and will start to stabilize to slightly higher. Today I sold UNG puts at the 9 strike, with short puts you are short vega so if volatility continues to come out of UNG I will get paid faster. Plus the position is Theta positive.