I only trade short strangles on them. Exactly on /CL contracts.
I am shorting them max 45 days out and if it gets close to one of the strikes, I adjust the position. Last time I had to adjust oil 7 times in 45 days but with all these adjustments I doubled the original max profit...
Would you consider automating this adjustment process and incorporating it into your Spreading logic??
What do you mean by "spreading logic"?
Hi,
I would rather adjust them manually because I also look at the market conditions first. I do not like to automate it because it is a multiple dimensional game
take care,
Gery
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