Last night’s free video…
Lots of crazy numbers being thrown around. Dan sure got this one right a few weeks ago when he said it would take out 150 pretty quickly. I think my new plan for my 170/150 inverted strangles will be to reverse roll the ITM calls out to a put position while they’re still reasonably rollable. A couple possibilities are:
Jan 2018 140 puts @ even
Jan 2018 150/110 Bull put spreads @ 1.50 credit
This will allow me some management room for the nearer term puts. Hopefully could close those soon and then let the 2018’s decay stress free while keeping a big bulk of the nice premium received so far.