Opening (Margin): /NG January 26th 12.5/13.5 Short Call Vertical
... for a 1.80 credit.
Comments: Short call vertical hedge against my short put verticals. Will look to take off the 1.8/2.8/12.5/13.5 iron condor on which I've collected a total of 3.60 ($360) as a unit at 50% max and scratch out the more at-risk 1.9/2.9 short put vertical if I get the opportunity.
Comments: Short call vertical hedge against my short put verticals. Will look to take off the 1.8/2.8/12.5/13.5 iron condor on which I've collected a total of 3.60 ($360) as a unit at 50% max and scratch out the more at-risk 1.9/2.9 short put vertical if I get the opportunity.
Comment:
On a side note, these spreads aren't all that liquid and show a wide bid/ask. This could be partly due to the fact that I'm not using the "active" contract here (/NGF3), but rather the next one (/NGG3). They may tighten up on roll over from "F" to "G."
Trade closed: target reached:
Hit 50% max today. .90 ($90) profit with 38 days to go.