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/CL Oct17 Strangle #2 – GAC

Homepage › Forums › Income Navigator › Gabe’s Trades › /CL Oct17 Strangle #2 – GAC

This topic contains 3 replies, has 2 voices, and was last updated by  Igor 3 years, 7 months ago.

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  • July 26, 2022 at 3:24 pm #18863

    Gary C
    Keymaster

    Starting a new 83DTE strangle on /CL with call delta = 9.42 and put delta = 6.53. Total premium for this trade is $1.74. Total BP is $7,700.
    SOLD -1 STRANGLE /CLX22:XNYM 1/1000 NOV 22 /LOX22:XNYM 130/62 CALL/PUT @1.74

    I am entering a 50% GTC closing order for .85
    BUY +1 STRANGLE /CLX22:XNYM 1/1000 NOV 22 /LOX22:XNYM 130/62 CALL/PUT @.85 LMT GTC [TO CLOSE/TO CLOSE]

    /CL Oct17 Strangle #2

    July 26, 2022 at 3:36 pm #18865

    Gary C
    Keymaster

    /CL Strangle

    • This reply was modified 3 years, 8 months ago by  Gary C.
    August 15, 2022 at 5:45 pm #18918

    Gary C
    Keymaster

    This trade closed overnight on 8/11/22 at 16 DIT for $.85 giving $850 net profit.

    • This reply was modified 3 years, 7 months ago by  Gary C.
    August 16, 2022 at 1:02 pm #18927

    Igor
    Keymaster

    Nice trade Gary!

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