OPENING: XOP OCT 19TH 39/44 SHORT STRANGLE

... for a 1.31/contract credit.

Probability of Profit: 64%
Max Loss/Buying Power Effect: Undefined/5.95/contract
Max Profit: 1.31/contract
Break Evens: 37.69/45.31
Theta: 2.53
Delta: -4.15

Notes: Shooting for 50% max; adjust at skew out to +/- 30 delta.

Trade closed manually:

Taking profit a smidge early at 29 DTE; covered for a .70/contract debit or a .61 ($61)/contract profit.