#ShortStrangles – My only problem child…time for more aggressive punishment to force some cooperation.

Short a Jun 450 call and a May 470 put so:

Rolled May 470 put in and up to this week’s 490 @ 2.55 credit.

Total premium received on the 490 put is now up to 9.56. Plan is to keep selling at or slightly in the money puts every week until a reversal. Otherwise will have plenty of credit in the position for a debit roll of the call.