Opening (Margin): /MCL August 17th 58/88 Short Strangle

19
... for a 1.62 credit.

Comments: An additive delta adjustment trade, selling the -13 delta call and the +11 put. This is more of a getting to size trade than about delta balancing, but might as well kill two birds with one stone.

Entire position:

August 17th 55.5/58/59 Short Puts
August 17th 88/89.5/93 Short Calls

Total Credits Collected: 4.38

Will look to mix and match profitable short call with profitable short put to peel off units, reduce risk going forward.

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