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I'm not sure on how it works. You sold a strangle, for .041.
I am going through a local broker, thier office is 20 miles or so from me. They charge for what they do also. However now that I am back to work a short work day is 14 1/2 hrs, I want someone to call me if something happens.
Guess what I'm asking is about it being one trade or two?
Reason for asking is I had a trade
NGN p295/c380
I got rid of the call at80% profit but still have the put. It is at 40% profit now.
With my broker its two trades not one but margin is lower on strangles.
Hope this makes any logic to you.
You have it correct. A strangle most times is legged into. That means you place two separate orders to enter and to exit. You will pay commissions and fees on two trades.
Margin is lower on strangles. Basically one side is free and doesn't require margin.
I sold the put for 0.020. I sold the call for 0.021.
I would be careful selling NG options that close to futures.
I generally like to be further away myself.
Still learning much about selling options, so am trying to be careful. Yet trying a few things.
E.g. On 4-17-17 I sold NGX p260/c450 for .124
It's further out than usual but I felt comfortable about it. So far am at about 35% profit.
Other positions I have are
ZWU c540
ZSU c1100
GFQ p120
LEQ p100
HOU p130
ESU p2165
They are all doing well, I prolly should exit as all but one are 50% profit.
Now that I'm working for the season I don't have time to research for anymore so am letting time erosion do it for now.
I still do much on paper for my learning an also I don't have time to do research. I just wouldn't feel comfortable without doing my research.