#PerpetualRollingStrangles – Hoping for a bigger bounce in this thing but not really following through. Take what I can get…

Rolled 119.5 puts to next week’s 119.5 puts @ .48 credit. Just for fun here’s my current positions in this experiment:

(4) March 10th 119.5 puts
(4) March 10th 120 calls
(3) March 17th 120 calls
(3) March 17th 121 calls
(6) June 16th 132 puts

This results in a long delta position of 527 but if you remove the DITM June puts it’s a -34 delta. While waiting for TLT to recover I’m able to roll the DITM June puts out 3 months and down one strike for about even. Can continue doing that forever while trading aggressively underneath it. Overall working pretty good in spite of starting this just prior to the implosion.

Total premium received since the beginning (October 2016) : 81.53 points

Decent return on 6300 margin and what was a one third size position for the first 3 months of the experiment.