OPENING: GDX MAY 15TH 26/33 SHORT STRANGLE

... for a 1.01 credit.

Notes: Re-upping a gold miners play in the first expiry in which the at-the-money short straddle pays greater than 10% of the value of the underlying.

Trade attivo:

Selling the 25/32.5 to flatten delta as well as to bump up extrinsic; for a .73 credit. Scratch at 1.74 versus setup value of 1.64; delta/theta -.51/1.94.

Trade chiuso manualmente:

Closing this out for 1.52, a weenie winner. Finding this to be less liquid than advertised.

Commento:

Error. Error. Lol. That last post was for my XME trade ... .

Trade chiuso manualmente:

Closing here for a 1.24 debit; .50 ($50) winner per contract.