Short
OPENING: /CL APRIL 16TH 64/65 SHORT CALL VERTICAL
... for a 1.60 ($160) credit.
Notes: An additive, delta under hedge in the first expiry in which the at-the-money short straddle is paying >10% of the underlying. Scratch at 16.00 even.
As usual, I did look at subtractive adjustments first (i.e., taking off some put side, taking off an oppositional pair in profit), but wasn't satisfied with the short delta I would pick up by doing that.
Notes: An additive, delta under hedge in the first expiry in which the at-the-money short straddle is paying >10% of the underlying. Scratch at 16.00 even.
As usual, I did look at subtractive adjustments first (i.e., taking off some put side, taking off an oppositional pair in profit), but wasn't satisfied with the short delta I would pick up by doing that.
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Disclaimer
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.