Tuesday, April 30, 2019

WTI naked calls & puts (paper trade)

Flat WTI strangle; profit is 50% of the initial credit.  Options pain works.

5/7/2019

Exec Time Spread Side Qty Pos Effect Symbol Exp Strike Type Price Net Price Order Type
5/7/2019 11:25 STRANGLE BUY 1 TO CLOSE /CLM19 1/1000 JUN 19 /LOM19 66 CALL 0.05 0.15 LMT
BUY 1 TO CLOSE /CLM19 1/1000 JUN 19 /LOM19 55 PUT 0.1 DEBIT
5/2/2019
In response to crude move down.

Exec Time Spread Side Qty Pos Effect Symbol Exp Strike Type Price Net Price Order Type
5/2/2019 11:13 VERTICAL SELL -1 TO OPEN /CLM19 1/1000 JUN 19 /LOM19 66 CALL 0.12 0.1 LMT
BUY 1 TO CLOSE /CLM19 1/1000 JUN 19 /LOM19 70 CALL 0.02 CREDIT

4/30/2019
16 DTE, options max pain is on my side.

Exec Time Spread Side Qty Pos Effect Symbol Exp Strike Type Price Net Price Order Type
4/30/2019 12:30 STRANGLE SELL -1 TO OPEN /CLM19 1/1000 JUN 19 /LOM19 70 CALL 0.07 0.15 LMT
SELL -1 TO OPEN /CLM19 1/1000 JUN 19 /LOM19 55 PUT 0.08 CREDIT

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