Light Crude Oil Futures
Long
Updated

Opening (Margin): /CL February 15th 40 Short Put

83
... for a 1.70 credit.

Comments: Taking a small, far out-of-the-money trade on weakness here, targeting the strike paying around 10% of buying power effect in credit. 1.70 credit on BPE of 16.32; 10.4% ROC at max; 5.2% ROC at 50% max as a function of buying power effect.
Trade closed manually
Out for 1.20 today. .50/$50 profit.

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