Opening (Margin): /MCL March 16th 70*/101 Short Strangle
... 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.
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.