Thursday, June 1, 2017

Closing Trade - 16 JUN TXT 46/50 Strangle

Closing Trade [Opening Trade] [1st Adjustment] [2nd Adjustment]
This trade started out as a 46/50 Strangle but ended up as a 47 Straddle after making two adjustments due to my strikes getting tested:
  • 1st Adjustment - 46 Put was tested so rolled down the 50 Call to 47 for an additional credit, creating a narrow Strangle
  • 2nd Adjustment - 47 Call was tested after rolling it down, so rolled up the 46 Put to 47 for an additional credit, creating a 47 Straddle 

Bought: eight 16 JUN TXT 47 Straddles @$1.78

Total Debit: $1,424.00
Total Commissions/Fees: $2.29
Balance: $40,245.19
Trade P/L: $438.72
YTD Realized P/L: $6,079.28
YTD ROC: 18.8%


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