CLOSING: /CL NOV 15TH 69/70 SHORT CALL VERTICAL
... for a $20 debit/$60 realized profit.
Notes: Pulling off some call side here on "approaching worthless." Not providing much downside protection here and rather than rolling it toward current price with 32 days to go, pulling it off and replacing it with a longer-dated short delta hedge that is farther away from current price. (See Post Below).
Notes: Pulling off some call side here on "approaching worthless." Not providing much downside protection here and rather than rolling it toward current price with 32 days to go, pulling it off and replacing it with a longer-dated short delta hedge that is farther away from current price. (See Post Below).
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