A Trade

Running a little tight on margin with the CL exposure. Changing the way I trade this thing. That's not good. I'd rather have bought back SPY shares.
 
Selling that put wasn't my best idea. Too little premium. It's OK for now. I may want to get long and the put don't cut it.
 
Sell the ES Aug29 2005C for 3.00. Bit of a compromise solution there. I like the shape of it now. The late open caused some loss of confidence in what I was doing.

I like the downside near term, but gotta respect the uptrend. I can trade the short Aug call ad nauseum for risk management. A decent drop gets me there.

Time to relax. I usually don't trade in such a frenzy, but I screwed up the early part of the trade and wanted to see if I could fix it. Got a decent shot now, but all risk is to the upside.

The trade now looks like +1 ES 1990C , -2 ES 2000C Sep monthlies. And 2000/2005 bull call spread on the ES Aug 29 weeklies.

Here's a little compromise solution.
 
Tried to buy back short Aug call overnight, tried to sell put this morning. No fills. Looks like a quick short soon, maybe. Then long.
 
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