From Widow Maker to Strangles
Updated
I chickened out of my Widow Maker spread and closed out my position. I replaced it with a 2.7 / 3.6 strangle giving me a total of 2 strangles on. My plan is to strangle the widow maker and make some gains or at least scratch the entire trade.
Horrible puns intended.
Horrible puns intended.
Trade closed manually
This trade got me. The widow maker lived up to its name and I've admitted defeat.I closed out my double strangle. A win on the CALL side and a bigger loser on the PUT side.
Net Loss.
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