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OPENING: /CL MAY 14TH 51/52 SHORT PUT VERTICAL (LATE POST)

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... for a 1.60 credit.

Notes: Filled this on the 27th as a delta hedge against January short call positions, one or more of which may require duration extension into February. Longer-dated than I'd like, but going out to where the at-the-money short straddle pays greater than 10% of the underlying (which actually starts in April) and religiously collecting at least 1/6th the width of the spread. Scratch on the whole works at 23.00.
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Would note that in spite of unit imbalance (put versus call), the entire setup remains net delta short.
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