Notes: Selling a delta neutral short strangle in the first expiry in which the at-the-money short straddle is paying greater than 10% of the underlying. Given the smallness of the instrument, will do additive adjustments if necessary to delta under hedge.
Trade active
Selling the 21/29 short strangle for a .70 credit to delta under hedge. Delta/theta 13,74/1.48; setup value of 1.96 versus 1.64 scratch.
Trade closed manually
Closing this for 1.52, a Happy Meal winner. Less liquid than I would've liked ... .
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.