Opening (Margin): /MCL February 15th 73 Short Put... for a 2.20 credit.
Comments: Selling a 30 delta put against my 30 delta call at the 84 strike to replace the short put I took off earlier.
MCL1!
Closed (Margin): /MCL February 15th 68 Short Put... for a 1.03 debit.
Comments: Opened this leg for a 1.68 credit; closing out here for 1.03 results in a .65 ($65) realized gain.
Opening (Margin): /MCL February 15th 68/86 Short Strangle... for a 2.65 credit.
Comments: An additive delta adjustment trade, selling the 23 delta put and the 18 delta call.
Closing (Margin): /MCL February 15th 60/91 Short Strangle... for a .93 debit.
Comments: Mixing and matching profitable short put with profitable short call. 1.50 in credit collected for these two legs; 1.50 - .93 = .57 ($57) profit.
Opening (Margin): /MCL February 15th 60/84 Short Strangle... for a 1.74 credit.
Comments: Selling the 9 delta put and the 21 delta call here in Feb as an additive delta adjustment. Net position delta leans a smidge long ... .
Closing (Margin): /MCL February 15th 63/94 Short Strangle... for a 1.12 debit.
Comments: Pairing profitable short put with profitable short call ... . I sold the 94 short call for .79 and the 63 short put for .80 as part of short strangles I put on at different times, for a total of 1.59. Closing out here for 1.12 result in a .47 ($47) realized gain.
Still in the February 15th 66/91 for a 2.02 credit and the March 16th 55/103 for a .92 credit with the entire position leaning slightly long delta at the moment.
Opening (Margin): /MCL1! March 15th 103 Short Call... for a .42 credit.
Comments: An additive short delta adjustment here, selling a call against my March short put. I'm not getting paid much, but get this buying power free and can always roll it down to bring in more credit.
Total credits collected: 4.53.
Opening (Margin): /MCL March 16th 55 Short Put... for a .50 credit.
Comments: My position has skewed out to delta/theta >1.0, so I looked at doing a small adjustment here.
My options were: (a) take off profitable short delta (there isn't any at the moment); (b) add a skewed strangle as I did before; (c) roll up a profitable short put; or (d) sell a brand new put. I was looking to pick up around +6 delta or so, so opted for (c), but had to go out to March to get paid something decent for a 6 delta strike (although .50 isn't "fabulous"). This also happened to be buying power free and actually freed up a smidge (we're talking like $15, so nothing to really "whoo-hoo" about).
I've collected a total of 4.11 in credits and will look to unwind the whole shebang in profit (preferably, at 50% max).
Opening (Margin): /MCL February 15th 63/91 Short Strangle... for a 1.75 credit.
Comments: A slightly short delta additive adjustment trade to bring the position back to net delta neutral. Total credits received: 3.61.
Opening (Margin): /MCL February 15th 64/94 Short Strangle... for a 1.61 credit.
Comments: Doing a slightly short delta-skewed additive adjustment here in my mini-slippery stuff position, with the short call at the -13 delta strike and the short put at the 11 delta strike, for a net of -2 delta. This gives me a smidge of short delta to bring back the net delta of the entire position more to neutral. The other option was to have just rolled down the call side a smidge to delta balance if I wasn't comfortable with adding units here.
I can now do one of two things: (a) take the entire four-leg position off in profit; or (b) mix and match in-profit call with in-profit put to peel off units.
Total credits collected of 1.90 (See Post Below) plus the 1.61 here: 3.51 total.
Opening (Margin): /MCL February 15th 66/97 Short Strangle... for a 1.90 credit.
Comments: Doing a little premium-selling in mini oil, selling the 13 deltas on both sides. 1.90 credit on buying power effect of 5.90; 32.2% ROC at max; 16.1% at 50% max.
