fuzzballl 9:09 am on Tuesday, May 2, 2017
Tags: PerpetualRollingStrangles ( 116 )

EWW

#PerpetualRollingStrangles – Replacing this week’s…

Sold EWW MAY 26 2017 51.5 Puts @ .75

fuzzballl 9:45 am on Tuesday, May 2, 2017

Also:

Rolled next week’s 50 calls out to Jun 9th 50’s @ .49 credit.
matt0311 10:32 am on Tuesday, May 2, 2017

How can we entice you to make a short webinar on this? That strategy looks like a good tool to have.
- fuzzballl 10:38 am on Tuesday, May 2, 2017
  
  I’m not much of a webinar guy but it’s fairly easy. I just start out with a nice wide strangle and go from there. If one side starts getting threatened I roll the unthreatened side in a little without going crazy…easy to get caught in a whip saw but I’m not afraid to go inverted either. Then, just a continual roll and adjust always for a credit. Maybe increase position size on any extreme moves. Gradually build it up. I’m looking for about another 3 strangles in TLT but waiting for some extreme moves to leg in.
- fuzzballl 10:41 am on Tuesday, May 2, 2017
  
  BTW…I always stress test the position size using TOS analyze tab and plugging in the most extreme moves from the last 3 years to double check any possible margin issues. Not really a factor though since I’m usually no more than 30 percent in at any time.
  - Jeff 10:51 am on Tuesday, May 2, 2017
    
    I can run the webinar and interview you.
  - matt0311 10:56 am on Tuesday, May 2, 2017
    
    Staying small was a lesson I had to learn the quite hard way in August 2015. Since that time I also never gone past 35 % and regained confidence in trading as this is the best protection to any whip-out