Sunday, June 24, 2018

When a pair trade goes wrong.

I averaged down  3 units of /RBQ8-/CLQ8 spread @19.02.  The spread is @17 now and keeps dropping. The rescue plan is to sell /CL puts.

 How to calculate and trade Simple Crack Spread using RBOB and WTI Futures. 

When a pair trade goes wrong and martingale doesn't help one has to use theta to save the game. 

Monday 6/25/18

Trade Update:  Scaled in @16.54 and sold 4 /CLQ8 65 Puts



Exec Time Spread Side Qty Pos Effect Symbol Exp Strike Type Price Net Price Order Type
Crack
16.5358
6/25/2018 10:41 FUTURE SELL -1 TO OPEN /CLQ8 18-Aug FUTURE 68.51 68.51 MKT
6/25/2018 10:41 FUTURE BUY 1 TO OPEN /RBQ8 18-Aug FUTURE 2.0249 2.0249 LMT
6/23/2018 10:40 SINGLE SELL -1 TO OPEN /CLQ8 1/1000 AUG 18 /LOQ8 65 PUT 0.48 0.48 LMT
6/24/2018 10:40 SINGLE SELL -2 TO OPEN /CLQ8 1/1000 AUG 18 /LOQ8 65 PUT 0.48 0.48 LMT
6/25/2018 10:40 SINGLE SELL -1 TO OPEN /CLQ8 1/1000 AUG 18 /LOQ8 65 PUT 0.48 0.48 LMT

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