NaughtyPines

Opening (Margin): /MES May 19th 3600/4260 Short Strangle

NaughtyPines Updated   
CME_MINI:MES1!   Micro E-mini S&P 500 Index Futures
... for a 53.75 credit.

Comments: Now that the FOMC rate decision is in the rear view mirror ... . 2.69 ($268.75, to be exact) max on buying power effect of around 9.00. 29.9% ROC at max as a function of buying power effect; 14.9% at 50% max. Will look to adjust on side test or if a side approaches worthless.
Comment:
Selling the 15 delta on both sides, by the way.
Trade closed manually:
Closed for a 43.75 debit. (53.75 - 43.75)/.2 = $50 winner.
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