#ShortStrangles – Making a pretty aggressive roll here. Feels like it might wanna gravitate towards 500 by expiration…

Rolled CMG MAY 19 2017 487.5 Put to MAY 19 2017 500.0 Put @ 6.00 Credit

Now short this week’s 500 put @ 16.10 selling against a June 450.0 call. With no pullback the plan is to take a little of the put premium and pay to roll up the call and sell another put next week.