OPENING: CL1! JAN 20TH 63/64 SHORT CALL VERTICAL
... for a $110 credit.
Notes: This only makes sense as a delta hedge/adjustment trade. Unfortunately, sometimes you have to hedge on weakness in the event the position keeps on moving against you. Going out in time to avoid potential whip. Contextually, lines up nicely with recent price action, but that's somewhat coincidental, as the 63 strike is where the 16 delta short leg lies at the moment.
Notes: This only makes sense as a delta hedge/adjustment trade. Unfortunately, sometimes you have to hedge on weakness in the event the position keeps on moving against you. Going out in time to avoid potential whip. Contextually, lines up nicely with recent price action, but that's somewhat coincidental, as the 63 strike is where the 16 delta short leg lies at the moment.
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