Widow Maker Spread 2017
Updated
I bought this Widow Maker spread where I thought it was at a low. Apparently it's lower. I sold a PUT to reduce the cost basis.
Nothing to do but hold through the draw down.
My cost basis is 0.210
Nothing to do but hold through the draw down.
My cost basis is 0.210
Trade active
Sold a call to neutralize my delta and reduce cost basis.As I am updating this I realize cost basis I posted 2 days ago was wrong. It's suppose to be 0.200.
With this CALL sold my new Cost basis is 0.176
Trade active
I chickened out. I closed the Widow Maker spread and replaced it with a strangle. I'll move this trade over to a NG2016 chart.
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