From Widow Maker to Strangles

28 Eki 2016

I chickened out of my Widow Maker spread and closed out my position. I replaced it with a 2.7 / 3.6 strangle giving me a total of 2 strangles on. My plan is to strangle the widow maker and make some gains or at least scratch the entire trade.

Horrible puns intended.

3 Kas 2016

İşlem elle kapatılmış

This trade got me. The widow maker lived up to its name and I've admitted defeat.
I closed out my double strangle. A win on the CALL side and a bigger loser on the PUT side.

Net Loss.