OPENING: /CL MARCH 17TH 47/48 SHORT PUT VERTICAL
... for a 1.70 credit.
Notes: A delta hedge to what I've already got on, taking a little advantage of backwardation in the /CL term structure. As a stand-alone trade, a bet that /CL doesn't finish below 48 by March.
Notes: A delta hedge to what I've already got on, taking a little advantage of backwardation in the /CL term structure. As a stand-alone trade, a bet that /CL doesn't finish below 48 by March.
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