Get started

MES1!

Closing (Margin): /MES February 17th 3590 Short Put... for a 21.50 debit. Comments: Fixing part of my screw up in opening my additive delta adjustment short strangle (which I opened in the February 28th expiry instead of the February 17th). (30.00 credit (for this leg) - 21.50)/20 = .425 ($42.50) profit. I will now proceed to open a 13 delta short put in the February 28th expiry to replace it, but will still have the February 28th 3720 short put on as "an odd man out" for the time being.
CME_MINI:MES1!
by NaughtyPines
Opening (Margin): /MES February 28th 3720/4210 Short Strangle... for a 68.75 credit. Comments: An additive delta adjustment trade. (68.75/20) = 3.4375 ($343.75) credit. My original thought process was to just leave what I had on mostly alone running into CPI, but didn't like how the position had skewed out short, so am adjusting it here to net delta flat. I actually intended to open this in the February 17th contract, but am going to go ahead and leave it alone here. All this means is that I'll have to leg out of the sides one at a time versus closing the short strangle as a unit due to the fact that two corresponding legs will potentially be in different expiries.
CME_MINI:MES1!
by NaughtyPines
Closing (Margin): /MES February 3540/4160 Short Strangle... for a 38.75 debit.* Comments: Mixing and matching profitable short call with profitable short put for a small realized gain ($35.00), leaving me with the 3590/4120, which I'll probably proceed to do an additive delta balance setup on here. * -- The credit and debit amounts take some getting used to. For example, a short strangle that routes for a 50.00 credit actually has a max of only 2.50 ($250) (i.e., 1/20th of what the table says you'll receive in credit).
CME_MINI:MES1!
by NaughtyPines