OPENING: /GC MARCH 26TH 1570/1580 SHORT CALL VERTICAL
... for a $110 credit.
Notes: A delta adjustment trade taking advantage of term structure and in anticipation of potentially having to roll the short put vertical side out for duration to continue to reduce cost basis. Scratch on the whole she-bang at $720 with net delta still long, so this functions as an under hedge.
Notes: A delta adjustment trade taking advantage of term structure and in anticipation of potentially having to roll the short put vertical side out for duration to continue to reduce cost basis. Scratch on the whole she-bang at $720 with net delta still long, so this functions as an under hedge.
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