#ShortStrangles PerpetualRollingStrangles – Originally booked a big gain on covered stock and rolled the ITM calls to 105/100 inverted strangles. When WYNN broke higher I aggressively rolled the 105 puts up to 113. Now leaving the strikes the same and rolling a week for more juicy premium. At some point one side will expire and I’ll roll the remaining side into a new strangle. Earnings should be late April so just doing a week at a time until then…

Rolled WYNN 113/100 inverted strangles out to next week @ 1.35 credit.

New position is 113/100 inverted @ 4.88 credit.