Closing (Margin): /MCL August 17th 60.5/85.5 Short Strangle... for a 1.72 debit.
Comments: Mixin' and matchin' profitable call with profitable put ... . Net credits received after closing: 2.39 with just the 58/89.5 short strangle remaining.
Premiumseling
Opening (Margin): /MCL June 14th 55/93 Short Strangle... for a 1.37/contract credit.
Comments: Selling 10 delta on each side. 1.37 credit on buying power effect of around 3.54/contract. 38.7% ROC at max as a function of buying power effect; 19.4% at 50% max. Will generally leave the setup alone, adjusting only on side test or side approaching worthless. While I like to generally hang out for 50% max, I won't hesitate to money, take, run if I get tired of looking at the setup (lol), particularly since I've gone longer-dated than usual here (77 days 'til expiry).
