... for a 9.19 credit. Comments: A short delta additive adjustment trade here to cut net long delta in my entire /MCL position by about half, with the goal being to keep the delta/theta ratio under 1.0. The entire position still leans net long, but I will leave it that way to see if the market does some of the lifting for me. Total credits collected of 13.90....
... for a 73.75 credit. Comments: Functionally rolling to a 4080 short straddle here to delta balance and bring my delta/theta ratio to back under 1.0. The position remains net delta short, which I'm fine with since we're at 30 day highs here. Will look to take off the whole kit and caboodle in the next several days here, since I've only got 32 DTE to go in...
... for a 1.33 credit. Comments: An additive delta adjustment trade, selling the +13 delta put at the 70 and the -8 delta call at the 101. The position still leans net delta short here, which I'm fine with since WTI is toward the top of its 30-day range. * -- The 70 is shown at the 69 strike.
... for a 1.68 debit. Comments: Received 2.00 in credits for this pair of legs. Closing out here for 1.68 as a profitable, subtractive delta adjustment trade. .32 ($32.00) profit. This leaves me (at the moment) with a 10 delta short strangle at the 66/97 and a 17 delta short strangle at the 70.5/93, with the entire position being net delta flat.
... for a 1.58 credit. Comments: Selling the +10 delta put and the -17 delta call to delta balance.
... for a 32.50 credit. Comments: After taking off a lower delta'd short put leg in profit, replacing it here with a short put with a strike that cuts my net delta in half or so.
... for a 1.80 credit. Comments: Delta balancing my existing short strangle by selling the +15 put at the 70.5 and the -13 call at the 97.
... short puts. Comments: Replacing the short puts I stripped off in profit to delta balance what is now the -27, -31, -33, and -36 delta calls. The remaining -42 delta short call at the 4080 is only partially hedged, so position net delta still leans short. Opened the February 28th 3890 for a 41.00 credit. Opened the February 28th 3925 for a 49.25...
... for a .27 debit. Comments: Since I've exited the position that this leg was providing a little long delta assist to, closing it out here for a small winner. Filled for a .54 credit; out here for a .27 debit. .27 ($27) profit. I'm now all out in the March cycle which, for the moment, is net delta flat to slightly short.
... for a 27.50 credit. Comments: Additive short delta adjustment after taking off a lower short delta call in profit.
... for a 1.70 credit. Comments: An additive delta adjustment trade, selling the +15 delta put at the 69 and the -9 delta call at the 101.
... for a 37.25 credit. Comments: An additive delta adjustment trade, selling the -18 delta call, and the +12 delta put.
Comments: Doing this all in one fell swoop, rather than in separate posts. Closed: February 28th 4200 Short Call for an 11.00 debit. (22.00 - 11.00)/.20 = $55.00 profit. February 28th 4220 Short Call for a 9.00 debit. (16.50 - 9.00)/.20 = $37.50 profit. February 28th 4250 Short Call for a 6.50 debit. (13.25 - 6.50)/.20 = $33.75 profit. February 28th 4260...
... for a 14.50 credit. Comments: Kind of had to do this on the fly with my phone app ... . Additive short delta adjustment. It was at the -15 delta at the time of fill. Will probably roll down some profitable short call now that I have an opportunity to survey the landscape from the desktop app.
... for a 1.09 credit. Comments: Here, delta balancing my March position by selling a +9 delta put at the 65 strike and a -6 delta call at the 107. I'll look to sell more "normal" strikes for my typical setup once I clean up the remainder of my Feb positions.
... for a 38.50 credit. Comments: Additive delta adjustment, selling the 14 delta short put and the 16 delta call.
... for a .54 credit. Comments: An additive long delta adjustment trade, selling the +10 delta put. February position still leans a smidge short here with 33 days to go. I'm indicating that this is "long" here because the delta of the position is long, not because I think oil goes up from here.
... for a 1.24 credit. Comments: An additive long delta adjustment trade, selling the 68P at the +14 delta strike and the 93C at the -9, giving me net +5 in delta to flatten the directionality of the position. It still leans slightly short, just not as short as it was before.