CRUDE OIL FUTURES OPTIONS UNBALANCED CONDOR
Original Order
+5 x 103 Strike Puts @ 1.50
-5 x 101 Strike Puts @ .91
-10 x 99.50 Strike Puts @ .62
+10 x 97.50 Strike Puts @ .37
NET NET .10 Cents Debit X $1000 multiplier X 5 Cars = $500.00 Debit.
The active decay line on this profit and loss graph is intentionally removed.
The point being is there are ways to accelerate or decrease the level of profitability around a structure being strategically aggressive or defensive and adjusting the net delta to reflect the overall aggressiveness needed with each complimentary holding.
ADJUST ONE
By buying back the Outside Wing, the overall sensitivity to movement increases.
Debit Paid 10x @ .25
The individual vertical is more delta movement responsive then the package.
Here is how the position would have looked if held in total at this exact moment.
(FLAT NO PROFIT POTENTIAL )
As we sit flat to higher the decaying wings help you, as we move down the wings hurt you.
Closed Remaining Vertical
FLAT .
