Had a 385/435 strangle for next week. Looked like Ackman had blown it up so I closed the 385 put and sold this week’s 435 and then rolled it to 440.

Long story short…taking stock at 428 basis covering next week’s remaining 435 call.

With portfolio margin I think these expensive stocks are pretty darn good bang for your buck. CMG will require 6400 margin for 100 shares with weekly call premium in the 500-600 range. Thinking just disregard stock basis and hang onto it for a nice weekly dividend. Could own it free and clear eventually.