#ShortStrangles – Learned (again) another valuable lesson. Had short calls on this thing that could’ve been closed for pretty cheap one week ago today. Now…not so much after a straight up 70 dollar move in a week. These calls (382.5 and 390) will be rolled to new strangles or way out and up and then sell the crap out of weeklies against them.

The good news is I chased short puts all the way up the run collecting great premium along the way….

Currently the puts are:

422.5 @ 23.25 each average. These include rolls from 375 to 380 to 385 to 395 to 400 to 410 to 422.5…LOL!

Lots of maneuvering room here but would’ve been much easier to take the 80 percent of max winner last week…