+$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.