Decent IV here in Oil and I got rid of my XOP play, so I'm adding more oil exposure.
Sold -3 Sep21 14/15 strangles at $.65 cr, $1.95 cr overall.
Risk: 2x cr received
Profit: 50% cr received
Sold -3 Sep21 14/15 strangles at $.65 cr, $1.95 cr overall.
Risk: 2x cr received
Profit: 50% cr received
Trade active
Rolled down the $15 calls for add'l $.18 cr, or $.54 cr overall.Trade closed manually
Finally getting a chance to close this trade on this down day (~21 dte rule).Closed for $.62 db ($1.86). $63 profit in the end.
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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.