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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✔ 𝗔𝘂𝘁𝗼-𝗨𝗽𝗱𝗮𝘁𝗶𝗻𝗴 𝗚𝗘𝗫 𝗹𝗲𝘃𝗲𝗹𝘀
✔ IVRank ✔ CALL/PUT skew ✔ Volatility Skew ✔ Delta curves
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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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Boost up your charts with Options PRO!
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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.