Closing (Margin): /MES February 3540/4160 Short Strangle
... for a 38.75 debit.*
Comments: Mixing and matching profitable short call with profitable short put for a small realized gain ($35.00), leaving me with the 3590/4120, which I'll probably proceed to do an additive delta balance setup on here.
* -- The credit and debit amounts take some getting used to. For example, a short strangle that routes for a 50.00 credit actually has a max of only 2.50 ($250) (i.e., 1/20th of what the table says you'll receive in credit).
Comments: Mixing and matching profitable short call with profitable short put for a small realized gain ($35.00), leaving me with the 3590/4120, which I'll probably proceed to do an additive delta balance setup on here.
* -- The credit and debit amounts take some getting used to. For example, a short strangle that routes for a 50.00 credit actually has a max of only 2.50 ($250) (i.e., 1/20th of what the table says you'll receive in credit).