Tuesday, July 10, 2018

+$650 #WTI : bought back puts

For more than two years in a row selling  /CL puts was a 100% winning strategy.  I think that at some point rising rates will kill this bull market in oil. It is time to switch to a delta-neutral strategy like Iron Condor.

Exec Time Spread Side Qty Pos Effect Symbol Exp Strike Type Price Net Price Order Type
7/10/2018 9:41
SINGLE BUY 1 TO CLOSE /CLZ8 1/1000 DEC 18 /LOZ8 50 PUT 0.16 0.16 LMT
7/10/2018 9:36 SINGLE BUY 1 TO CLOSE /CLQ8 1/1000 AUG 18 /LOQ8 70 PUT 0.09 0.07 LMT
7/10/2018 9:36 SINGLE BUY 1 TO CLOSE /CLQ8 1/1000 AUG 18 /LOQ8 70 PUT 0.09 0.07 LMT


   The trade entries were posted live here and here

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