I'm trading the pullback of course with neutral strangle.
Divergence on RSI, high IVR, optimal for neutral quick trade on micro oil futures.
Sold 1 /MCLZ3 MCOZ3 11/15/23 Call 95.00 @ 1.17 (delta21)
Sold 1 /MCLZ3 MCOZ3 11/15/23 Put 75.00 @ 1.06 (delta17)
This is an OIL 37DTE Strangle for 2.23cr (bit bullish delta overall)
37DTE Strangle for 2.23cr
My target is ~$100 on this trade in the next 2 weeks.
Divergence on RSI, high IVR, optimal for neutral quick trade on micro oil futures.
Sold 1 /MCLZ3 MCOZ3 11/15/23 Call 95.00 @ 1.17 (delta21)
Sold 1 /MCLZ3 MCOZ3 11/15/23 Put 75.00 @ 1.06 (delta17)
This is an OIL 37DTE Strangle for 2.23cr (bit bullish delta overall)
37DTE Strangle for 2.23cr
- Max Profit: $223
- Req. BP: $600
- PoP: 74%
- IVR: 49 (very high, optimal for credit strategy)
My target is ~$100 on this trade in the next 2 weeks.
Commento:
Managed after 11days :
rolled up the put leg to normalize delta from $80 to strike $95.
Higher IVR (72) so no problem.
Opened for: 2.23cr
Rolled now for additional +0.5cr
SUM credit collected: 2.73
rolled up the put leg to normalize delta from $80 to strike $95.
Higher IVR (72) so no problem.
Opened for: 2.23cr
Rolled now for additional +0.5cr
SUM credit collected: 2.73
Commento:
Trade chiuso: obiettivo raggiunto:
22DTE I'm closing for 2cr. $73 profit colledted. Almost the $100 target I've got. Never let to grow your gamma risk! Secure your profit.
🏆 [FREE for LIMITED TIME]
My Option trade performance, closed trades and analysis:
⏩⏩⏩ TanukiTrade.com
My Option trade performance, closed trades and analysis:
⏩⏩⏩ TanukiTrade.com
considering to close, but I'll manage at 21DTE anyway because of gamma risk.