#WTI #RBOB pair #trade : sold puts again

When a pair trade goes wrong one can try to sell theta.

The previous entries are here.

 

Exec Time	Spread	Side	Qty	Pos Effect	Symbol	Exp	Strike	Type	Price	Net Price	Order Type
7/4/2018 9:27	SINGLE	SELL	-1	TO OPEN	/CLQ8 1/1000 AUG 18	/LOQ8	70	PUT	0.3	0.3	LMT
7/4/2018 9:27	SINGLE	SELL	-1	TO OPEN	/CLQ8 1/1000 AUG 18	/LOQ8	70	PUT	0.3	0.3	LMT

How to calculate and trade Simple Crack Spread using gasoline (RBOB) and Texas Oil (WTI) Futures.