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Shortstrangle

Opening (Margin): /MCL June 14th 55/93 Short Strangle... for a 1.37/contract credit. Comments: Selling 10 delta on each side. 1.37 credit on buying power effect of around 3.54/contract. 38.7% ROC at max as a function of buying power effect; 19.4% at 50% max. Will generally leave the setup alone, adjusting only on side test or side approaching worthless. While I like to generally hang out for 50% max, I won't hesitate to money, take, run if I get tired of looking at the setup (lol), particularly since I've gone longer-dated than usual here (77 days 'til expiry).
NYMEX:MCL1!
by NaughtyPines
Opening (Margin): /MES March 31st 4000/4330 Short Strangle... for an 81.75 credit. Comments: After closing out my last setup in profit, reentering anew, selling the 26 delta on both sides to get about 50% of the buying power effect of the setup in credit. I'm staying with the March 31st here, as the April expiry is a bit too far out in time yet. 81.75 credit (408.75 max) on BPE of 940.00 or so; 43.5% ROC at max; 21.7% at 50% max. As before, I'll look to do additive delta adjustments at intervals to keep the delta/theta ratio <1.0.
CME_MINI:MES1!
by NaughtyPines
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