kitkan87
Long

Widow Maker Spread 2017

I bought this Widow Maker spread where I thought it was at a low. Apparently it's lower. I sold a PUT to reduce the cost basis.

Nothing to do but hold through the draw down.

My cost basis is 0.210
Trade active: Sold a call to neutralize my delta and reduce cost basis.
As I am updating this I realize cost basis I posted 2 days ago was wrong. It's suppose to be 0.200.

With this CALL sold my new Cost basis is 0.176
Trade active: I chickened out. I closed the Widow Maker spread and replaced it with a strangle. I'll move this trade over to a NG2016 chart.
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