... for a 1.06 credit/contract.
Notes: With rank/implied at 47/57, going bullish assumption here with the notion that oil prices recover somewhat as COVID-related restrictions lift. My general go-to is short strangle, but didn't want to get whipped on the call side if the recovery is dramatic.
Notes: With rank/implied at 47/57, going bullish assumption here with the notion that oil prices recover somewhat as COVID-related restrictions lift. My general go-to is short strangle, but didn't want to get whipped on the call side if the recovery is dramatic.
Trade active
With the 30 short put valued at .47 here, taking a realized profit of .59 ($59)/contract, not by closing out the position entirely, but by rolling out to the July 29 strike for a .30/contract credit. Bringing in additional credit, while reducing risk and buying power effect slightly. Total credits collected of 1.36.Trade closed manually
Out today for .46/contract, .90 ($90) profit/contract.
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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.