ncp straddle

  1. 3,060 Posts.
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    before close i wrote 10 ncp 1250 march calls for 95 and 10 1250 puts for 87.

    premium margin is a whopping $18.2k
    risk margin is only $3.4k
    gotta love that.

    IV's were 40 and 42. I doubt NCP will run past 1450 or fall past 1050, so this position should be fairly safe.

    Follow this trade over the next few months in the options forum.
 
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