Shorting UGAZ - The Dangers and controlling the risk, Part 3

This is a supplemental chart to the following post:

Part 3 - How to Protect - Cover the Position
ngetf.com/2020/02/08/my-ultimate-guide-to-shorting-ugaz-part-3-how-to-protect-cover-the-position/

This article is a continuation of a series where I've been exploring options to improve upon the idea of shorting UGAZ. Rather than just short the ETF alone and protect against a move backward, I am looking for a way to cover the short position by taking on a spread instead. The chart included isn't much for details this time. Most of my results are shared in Google Sheets. These documents can be found in the article linked above. The previous articles can be found at NGETF.com/notes.

Thanks, and I hope you find some of this data useful

Oldinvestor