Anyone Got Any Good Crude Stories to Tell

[qlai]

Selling naked commodity options and only hedging by selling the other leg of what becomes a strangle seems like picking up nickels in front of a bulldozer.

. I do believe he is a man of integrity.

How do you reconcile this? If I borrowed your money to deploy this strategy, would you think the same?

 

[Fonz]

A picture can tell a good story. I still missed 1/2 of the trade.
Now I am short 56.15 + stop at 56.40

 

[Fonz]

Another perspective shows why the last one was not clever.
Stopped at 56.40