Opening (Margin): /MCL March 16th 61/109 Short Strangle
... for an .85 credit.
Comments: An additive delta adjustment trade, selling the -4 delta call and the 8 delta put against my +4 delta put and -8 delta call. I probably really didn't need to do an adjustment here given the low delta of the sides I had on in March, but wanted to collect some additional credit, particularly since the time left in the February cycle is winding down.
Comments: An additive delta adjustment trade, selling the -4 delta call and the 8 delta put against my +4 delta put and -8 delta call. I probably really didn't need to do an adjustment here given the low delta of the sides I had on in March, but wanted to collect some additional credit, particularly since the time left in the February cycle is winding down.