OPENING: /CL MAY 14TH 65/66 SHORT CALL VERTICAL
... for a 1.60 credit; scratch at 16.00.
Notes: Additive short delta adjustment trade in the May cycle, where I had an unpaired short put vertical ... .
On a side note, I should have pulled off the profitable pair first (See Closing Iron Condor Post Below), then looked at delta before slapping on the additive long adjustment I made yesterday. (See Opening Short Put Vertical Post Below). In general, the order on these things should be to look for profitable, unit subtractive closes first; consider adjusting delta thereafter. I probably got distracted by a shiny object, but it's all good ... .
Notes: Additive short delta adjustment trade in the May cycle, where I had an unpaired short put vertical ... .
On a side note, I should have pulled off the profitable pair first (See Closing Iron Condor Post Below), then looked at delta before slapping on the additive long adjustment I made yesterday. (See Opening Short Put Vertical Post Below). In general, the order on these things should be to look for profitable, unit subtractive closes first; consider adjusting delta thereafter. I probably got distracted by a shiny object, but it's all good ... .
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