The details of this trade are as follows: Date Inst. Mark. # L/S Strike C/P Price Δ Days Max profit Comm. Reason P/L 1 1/4/2016 /CLH6 (mar) 37.68 1 short 31 P 0.30 0.09 44 $590 $3.71 open – 1 short 49 C 0.29 0.10 $3.71 2 1/11/2016 /CLH6 (mar) 32.38 1 short 28 P […]
First trade of the year, volatility is up, markets are down. Going to keep things smaller this year, so I can modify everything freely, without worrying. The details of this trade are as follows: Date Inst. Mark. # L/S Strike C/P Price Δ Days Max profit Comm. Event P/L 1 1/4/2016 /ZNH6 (march) 126’140 1 […]
The details of this trade are as follows: Date Inst. Mark. # L/S Strike C/P Price Δ Days Max profit Comm. Close P/L 1 11/17/2015 FXE (dec) 104.36 1 short 101 P 0.50 0.21 31 $91 $1.50 – – 1 short 108 C 0.41 0.19 $1.50 2 12/03/2015 FXE (dec) 107.35 1 long 108 C […]
I just opened my first ever short straddle position. Until now, I’ve been using short strangles. The straddle is similar, except that it uses the same ATM strike prices on both put-call legs. The details of this trade are as follows: Date Inst. Mark. # L/S Strike C/P Price Δ Days Max profit Comm. Close […]
I just opened a short strangle position on the January 2016 contract of WTI crude oil, which expires on December 22 of this year still. The details of this trade are as follows: Date Inst. Mark. # L/S Strike C/P Price Δ Days Max profit Comm. Close P/L 1 10/21/2015 /CLF6 (jan) 45.43 2 short 37 […]
Today, I opened a short strangle on the upcoming month contract of natural gas. The details of this trade are as follows: Date Inst. Mark. # L/S Strike C/P Price Δ Days Max profit Comm. Close P/L 1 10/09/2015 /NGZ5 (dec) 2.73 2 short 2.3 P 0.022 -0.11 46 $900 $7.42 pending pending 2 short […]
I just opened a short strangle position on the December contract of WTI crude oil. The details of this trade are as follows: Date Inst. Mark. # L/S Strike C/P Price Δ Days Max profit Comm. Close P/L 1 9/29/2015 /CLz5 (dec) 45.40 2 short 35 P 0.32 0.07 49 $1200 $7.42 – – 2 short […]
I just opened another 10 year treasury short strangle. My previous one, which will expire this Friday, was very successful. I’ve been keeping track of the treasuries market ever since, and I feel like I’m getting to know this instrument as well. I have gathered my findings in my treasuries trading guide, in case you want to learn […]
As you know, I am very conservative in selecting my short strangle trades, with respect to both the underlying instruments, as well as the risk. I look for deltas at or under 10%, to keep the probability of the strangles high. The beauty of selling options via short strangles is that even if the market moves […]
I just opened a short strangle position on the upcoming month contract of WTI crude oil. The details of this trade are as follows: Date Inst. Mark. # L/S Strike C/P Price Δ Days Max profit Comm. Close P/L 1 9/10/2015 /CLX5 (november) 45.63 2 short 35 P 0.18 5 35 $760 $7.42 expired OTM […]