Opening (Margin): /CL August 17th 35 Short Put... for a 1.20 credit.
Comments: Without much on here, doing one of my far out-of-the-money premium selling plays. A basic bet that /CL doesn't lose 50% of its current price per barrel by August opex. 1.20 ($120) max on buying power of around 8.10 ($810); 14.8% ROC as a function of buying power at max; 7.4% at 50% max.
