... for an 8.56 credit.
Comments: Re-upping in /MCL. 8.56 on buying power effect of 8.65 with 67.69/84.81 break evens. As before, will look to do adjustments at intervals to keep the position from getting too directional.
Comments: Re-upping in /MCL. 8.56 on buying power effect of 8.65 with 67.69/84.81 break evens. As before, will look to do adjustments at intervals to keep the position from getting too directional.
Trade active:
Selling the slightly long delta-skewed 78 short straddle for an 8.48 credit. This is more about getting to the size of position I want than about delta balancing here. Total credits collected of 17.04.
Trade closed manually:
Money, take, run ... . As with my /MES trade, this is a little early in the cycle, so taking a smidge of profit here and then re-establishing. Closed out the whole kit-and-kaboodle for a 16.35 debit. 17.04 - 16.35 = $69.00 profit.