Jeff 9:45 am on Thursday, August 31, 2017
Tags: ShortStrangles ( 716 )

REGN soaring

@fuzzballl You trade this more than I. Do you have a level at which you will roll your 530 call?
#ShortStrangles

Ramie 9:52 am on Thursday, August 31, 2017

I just rolled the put side up from 430 to 460 (delta 20) for 3.71 credit.
fuzzballl 9:55 am on Thursday, August 31, 2017

Good question. Getting ready to leave for the day shortly. I may keep it in same expiration and roll it to a strangle while keeping an eye on the existing 430 that’s nicely profitable.
fuzzballl 10:09 am on Thursday, August 31, 2017

Thanks for pointing that out…was about to walk out the door of the hotel (Vegas Baby!).

Rolled REGN SEP 29 2017 530.0 Call to SEP 29 2017 470.0/550.0 Strangle @ 3.55 credit.
Bought to Close REGN SEP 29 2017 430.0 Put @ 2.50

Original strangle sold for 7.00. Net gain on adjustments today of another 1.05 so new position is:

Sep 29th 470.0/550.0 Strangle @ 8.05

Also:

Sold to close my remaining chips last night at the blackjack table for net loss of $75 🙂
- Jeff 10:13 am on Thursday, August 31, 2017
  
  Thanks… nice trading. I think I will wait for it to bust above 500 more decisively. Could be later today.