Selling Crude Oil November Futures

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Sold 52C@$310 and closed the next day at $270. Sold 52C@$210 and closed the next day at $170. Strangled at 55c@$70/42p@$50.

Basis:

  • I cant remember why i closed those 52c trades so fast, but it could be due to a lack of confidence during that period of time.
  • Strangle mostly based on selling low delta options

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