$USO high P/L strangle +50% TP with options #oil #usoil
Updated
I'm trading the pullback of course with neutral strangle.
Divergence on RSI, high IVR, optimal for neutral quick trade on micro oil futures.
Sold 1 /MCLZ3 MCOZ3 11/15/23 Call 95.00 @ 1.17 (delta21)
Sold 1 /MCLZ3 MCOZ3 11/15/23 Put 75.00 @ 1.06 (delta17)
This is an OIL 37DTE Strangle for 2.23cr (bit bullish delta overall)
37DTE Strangle for 2.23cr
My target is ~$100 on this trade in the next 2 weeks.
Divergence on RSI, high IVR, optimal for neutral quick trade on micro oil futures.
Sold 1 /MCLZ3 MCOZ3 11/15/23 Call 95.00 @ 1.17 (delta21)
Sold 1 /MCLZ3 MCOZ3 11/15/23 Put 75.00 @ 1.06 (delta17)
This is an OIL 37DTE Strangle for 2.23cr (bit bullish delta overall)
37DTE Strangle for 2.23cr
- Max Profit: $223
- Req. BP: $600
- PoP: 74%
- IVR: 49 (very high, optimal for credit strategy)
My target is ~$100 on this trade in the next 2 weeks.
Note
didn't move anywhere but IVR rised from 49 to 62, so I'm still at the starting point not winner, not loser yet :D :Dconsidering to close, but I'll manage at 21DTE anyway because of gamma risk.
Note
Managed after 11days :rolled up the put leg to normalize delta from $80 to strike $95.
Higher IVR (72) so no problem.
Opened for: 2.23cr
Rolled now for additional +0.5cr
SUM credit collected: 2.73
Note
Trade closed: target reached
22DTE I'm closing for 2cr. $73 profit colledted. Almost the $100 target I've got. Never let to grow your gamma risk! Secure your profit.
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REAL Options metrics for over 165+ liquid US symbols:
✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ IVRank ✔ CALL/PUT skew ✔ Volatility Skew ✔ Delta curves
👉 7-day TRIAL 🌐 TanukiTrade.com
REAL Options metrics for over 165+ liquid US symbols:
✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ IVRank ✔ CALL/PUT skew ✔ Volatility Skew ✔ Delta curves
👉 7-day TRIAL 🌐 TanukiTrade.com
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