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NaughtyPines
Mar 14, 2023 11:07 AM

Opening (Margin): /MCL May 17th 56.5/92.25 Short Strangle 

Micro WTI Crude Oil FuturesNYMEX

Description

... for a 1.34/contract credit.

Comments: Going wide, nondirectional here, looking to generate around a 25% ROC as a function of buying power effect, so ended up selling the 10 delta on both sides. 1.34 on buying power effect of 4.50; 29.8% ROC at max as a function of buying power effect; 14.9% at 50% max. Will generally look to leave the setup alone, adjusting only on side test or side approaching worthless.

Trade closed manually

Closing for an .84 debit/per contract; .50 ($50) profit.
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