... for a 2.66 credit. Comments: Short put for the IRA (See Post Below); short strangle for the margin. Selling the 16 delta strikes on both sides. 2.66 credit on buying power effect of 12.98; 20.5% ROC at max; 10.3% at 50% max.
... for a 1.72 debit. Comments: Mixin' and matchin' profitable call with profitable put ... . Net credits received after closing: 2.39 with just the 58/89.5 short strangle remaining.
... for a 1.31 debit. Comments: Took this off earlier in the day, mixing and matching profitable call with profitable put from strangles I put on over time ... . Net 4.11 credits collected at this point, leaving me with the 58P/60.5P/85.5C/89.5C. With the entire position marking at 3.25, so I'm up .86 ($86) at this point.
... for a 1.58 credit. Comments: An additive delta adjustment trade, selling the -16 delta call and the +10 delta put to pick up -6 of net delta. 1.58 credit on buying power of 4.48. Total credits collected to date: 5.42. Entire Position: 58P/59P/60.5P/85.5C/88C/89.5C
... for a 1.29 debit. Comments: Mixing and matching profitable call with profitable put from short strangles I erected over time. 3.84 net credits received to date, leaving me with the 59P/60.5P/88C/89.5C. I may go ahead and sell a new short strangle in August to delta balance the entire position back to net delta flat here.
... for a 1.77 credit. Comments: Selling the +14 delta put and the -12 delta call here as an additive delta adjustment trade to bring the entire position back to net delta flat. Entire Position: 58P/59P/60.5P/88C/89C/89.5C Total Credits Received: 5.13
... for a 1.37 credit. Comments: An additive adjustment trade, shorting the +12 delta put and the -8 delta call to flatten out net delta in the position. (See Post Below, for /MCL short strangle opened on 5/19).
... for a 1.39 credit. Comments: Selling the 10 delta's here both sides. Will look to manage sides on approaching worthless or on side test. 1.39 on buying power effect of 3.51; 39.6% ROC as a function of buying power effect at max; 19.8% at 50% max.
... for a 1.37/contract credit. Comments: Selling 10 delta on each side. 1.37 credit on buying power effect of around 3.54/contract. 38.7% ROC at max as a function of buying power effect; 19.4% at 50% max. Will generally leave the setup alone, adjusting only on side test or side approaching worthless. While I like to generally hang out for 50% max, I won't...
... 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,...
... for a 53.75 credit. Comments: Now that the FOMC rate decision is in the rear view mirror ... . 2.69 ($268.75, to be exact) max on buying power effect of around 9.00. 29.9% ROC at max as a function of buying power effect; 14.9% at 50% max. Will look to adjust on side test or if a side approaches worthless.
... for a 93.75 ($468.75) credit. Comments: Going with something more straightforward here and a little bit less "high maintenance" than my continuous delta hedging setup with short straddles. Selling the 25 delta's on both sides. $468.75 max on buying power effect of $892.00; 52.6% ROC at max as a function of buying power effect; 26.3% at 50% max.
... for an 81.75 credit. Comments: After closing out my last setup in profit, reentering anew, selling the 26 delta on both sides to get about 50% of the buying power effect of the setup in credit. I'm staying with the March 31st here, as the April expiry is a bit too far out in time yet. 81.75 credit (408.75 max) on BPE of 940.00 or so; 43.5% ROC at max;...
... for an 86.50 credit. Comments: And ... back into /MES in the expiry nearest 45 DTE. Selling the 24 delta strikes on both sides to get something approaching 50% ROC as a function of buying power effect. 432.50 max on buying power effect of 879.92, 49.2% ROC at max as a function of buying power effect; 24.6% at 50% max. Will generally look to make...
... 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 1.80 credit. Comments: Delta balancing my existing short strangle by selling the +15 put at the 70.5 and the -13 call at the 97.
... for a .94 debit. Comments: Taking profit where I can ... . Filled this pair of legs for a total of 1.27 in credits. Closing out here for .94 results in a .33 ($33) profit. The remaining position leans slightly short, so I may go ahead and do a delta adjustment here.