I made a couple of small trades today. I closed my SLW 18/19 strangle for $0.39 for a nice 59% gain relative to the initial credit. SLW moved nicely between the strikes following the release of the FOMC meeting minutes.
Earlier in the day, I added three more short MCD June 125 puts. I may turn this into a 3x1 ratio spread if things hover between $125 and $130 over the next few days by buying one June 130 put. I'm memorializing my stubbornness with MCD as I keep adding +delta. We'll see how this plays out.
No comments:
Post a Comment