#Earnings #ShortStrangles – Had an existing inverted strangle along with an earnings strangle. Adjusting all of them…

Bought to Close NVDA MAY 12 2017 98.0 Puts @ .02 (sold for 1.96)
Bought to Close NVDA MAY 12 2017 113.0 Puts @ .97 (sold for 4.40)

And on the little opening dip:

Sold NVDA MAY 12 2017 118.0 Puts @ 4.34
Sold NVDA MAY 12 2017 118.0 Puts @ 3.16 (too slow on this one)

With these secondary “double dip” put sales I’m testing the John Carter theory that says a gap up beyond the expected move usually continues it’s run so sold the puts in the money for Friday.

Still holding short 108 and 112 calls that will be rolled out or out into new strangles later this week.