Short Strangle – Light Sweet Crude Oil Futures


SELL -3 STRANGLE /CLQ4 1/1000 AUG 14 /LOQ4 115/92 CALL/PUT @.27
Days to exp. = 51
ROC (max. profit) = 810/1980 =~ 40.9%
The idea would be to take off the spread around 50% of max. profit.  Hence the actual ROC would be actually around 20%, since maximum profit will not be collected.
CL_5_27_2014
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