Decent IV here in Oil and I got rid of my XOP play, so I'm adding more oil exposure.
Sold -3 Sep21 14/15 strangles at $.65 cr, $1.95 cr overall.
Risk: 2x cr received
Profit: 50% cr received
Sold -3 Sep21 14/15 strangles at $.65 cr, $1.95 cr overall.
Risk: 2x cr received
Profit: 50% cr received
Trade active:
Rolled down the $15 calls for add'l $.18 cr, or $.54 cr overall.
Trade closed manually:
Finally getting a chance to close this trade on this down day (~21 dte rule).
Closed for $.62 db ($1.86). $63 profit in the end.
Closed for $.62 db ($1.86). $63 profit in the end.