Inventories will be released at 10:30AM.
Here are straddles (strangles) for UNG, for both July and August. These were computed with the free online StraddlesCalc tool.
The number indicated is the percentage move required for the position to be profitable, either way, up or down.
Inventories rose by 95Bcf, causing UNG to drop to $10.35. Here are the results:
ROI on August was +41%. This is higher than expected as options prices rise when the stock drops, the move needed becomes lower.
Please do your own due diligence. Options are dangerous and may cause 100% loss.