Opening (Margin): /MES February 17th 3530/4080 Short Strangle
... for a 48.75 credit.
Comments: An additive delta adjustment trade ... . 48.75/20 = $243.75 credit received. Because the remaining short strangle that I had was short the 19 delta put and short the 14 delta put, I sold the 14 delta put and the 19 delta call to delta balance, resulting in a net delta neutral position.
Comments: An additive delta adjustment trade ... . 48.75/20 = $243.75 credit received. Because the remaining short strangle that I had was short the 19 delta put and short the 14 delta put, I sold the 14 delta put and the 19 delta call to delta balance, resulting in a net delta neutral position.