What started out as a strangle with the short call getting killed this thing still has a chance. Went further inverted today. Position was next week’s 165/155 inverted strangle @ 21.70 credit. Rolled the 165 put up to 180 put for another 7.00 credit.

Position is now 180/155 inverted @ 28.70. As long as the credit received is more than the inverted width it will make money. Goal is to still have the stock price be inside the strangle at expiration. Pay the width of the strangle for the position to go away and keep the difference. If nothing else it has a lot better chance than if I would’ve let the original 100 put (or whatever it was…don’t remeber) just sit there.