Opening (Margin): /MES February 17th 3590/4160 Short Strangle... for a 46.00 credit.
Comments: Additive delta balancing. $230 max on buying power effect of $790. 29.1% ROC as a function of buying power effect at max; 14.6% at 50% max. Total credits collected off $478.75.
Will look to mix and match profitable call with profitable put and/or take the entire cannoli off in profit.
Deltaadjustment
Opening (Margin): /MCL1! March 15th 103 Short Call... for a .42 credit.
Comments: An additive short delta adjustment here, selling a call against my March short put. I'm not getting paid much, but get this buying power free and can always roll it down to bring in more credit.
Total credits collected: 4.53.
Rolling (Margin): XOP October 21st 165 Short Call to 160... for a .51 credit.
Comments: Smidge of delta adjustment here. Total credits collected of 6.68. Resulting delta/theta of 13.99/17.18 with the setup marking at around 6.22. I rolled this once for duration already, so probably should just take profit here and move on, but wanted more than .46 ($46) out of it. We'll see if that bites me in the hinder or not ... .
Rolling (Margin): XOP Sept 16th 123 Short Put to 135... for a 2.31 credit.
Comments: Rolling up the untested side to delta balance with 28 days to go. Total credits collected of 9.35 with a resulting delta/theta of -21.12/22.65. The 135/145 is marking at 10.18 at the moment, so still slightly underwater with the setup leaning net delta short.