#WTI #RBOB pair #trade : bailed out /CLQ8 puts; profit $1050

The powerful after OPEC rally has sent /RBQ8 -/CLQ8 simple crack spread back to 16 ( How to calculate and trade Simple Crack Spread using RBOB and WTI Futures). The position is now 3 pairs @18.5.  Thus so far the running loss is -$7,500. On the other side, the defense by /CL puts worked out well and these puts were bailed out today - plus one thousand fifty federal reserve dollars.

Exec Time	Spread	Side	Qty	Pos Effect	Symbol	Exp	Strike	Type	Price	Net Price	Order Type
6/27/2018 11:31	SINGLE	BUY	1	TO CLOSE	/CLQ8 1/1000 AUG 18	/LOQ8	67	PUT	0.19	0.19	LMT
6/27/2018 11:30	SINGLE	BUY	2	TO CLOSE	/CLQ8 1/1000 AUG 18	/LOQ8	65	PUT	0.08	0.08	LMT