Update: Crude Pain Trade

Crude pain Trade explained.

Crude option sellers are in pain now instead of option holders. Though 49.5 is still Out of The Money my choice here is "roll em down & out".

Exec Time	Spread	Side	Qty	Pos Effect	Symbol	Exp	Strike	Type	Price	Order Type
6/4/2019 8:38	SINGLE	BUY	1	TO CLOSE	/CLN19 1/1000 JUL 19	/LON19	49.5	PUT	0.8	LMT
6/4/2019 8:38	SINGLE	SELL	-1	TO OPEN	/CLQ19 1/1000 AUG 19	/LOQ19	46	PUT	1.03	LMT

This is a paper trade.