Open XOP Strangle

in #optiontrading • 7 years ago

Selling a strangle in XOP for $1,53. This a delta neutral trade. Oil prices have been moving around lately and with XOP (this is a SPDR S&P Oil & Gas Exploration & Production ETF) at 50% Implied Volatility Rank I am selling premium. Strike selection for this trade, 30 / 33 in August.

Side   Qty   Pos Effect   Exp               Strike   Type   Price  
SELL  -1     TO OPEN   18-AGO-17  30         PUT     $0.93
SELL  -1     TO OPEN   18-AGO-17  33         CALL   $0.60

#xop #strangle
7 years ago in #optiontrading by
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