fuzzballl 11:16 am on Monday, October 30, 2017
Tags: ShortStrangles ( 716 )

EWZ

#ShortStrangles – Rolled EWZ DEC 15 2017 45.0 Calls to DEC 15 2017 42.5 Calls @ .53 credit

Position now 40/42.5 Strangles @ 2.08

jsd501 11:30 am on Monday, October 30, 2017

Are your 40 puts in December as well?
- fuzzballl 11:31 am on Monday, October 30, 2017
  
  Yes…not a diagonal here. Just basic strangles.
  - jsd501 11:33 am on Monday, October 30, 2017
    
    You would own it at $38 and that seems like a good level.
    - fuzzballl 11:39 am on Monday, October 30, 2017
      
      She’s in trouble…32 wouldn’t even bother me. Great place for “The Whiz”…LOL
vxxkelly 11:53 am on Monday, October 30, 2017

Breaking below $40.50 was very bad. I’m seeing a fair amount of support @ $38.34 but that probably wouldn’t result in a spike back higher. It’s going to have to do some work to climb back through all that now overhead resistance. $40.50 likely becomes resistance for a while.
- fuzzballl 11:55 am on Monday, October 30, 2017
  
  I agree. Rolling down to 42.50 for now. Another red bar and may roll to straddle. Not concerned with 40 puts…just trying to max out call value on the drop. I’m rooting for much lower since I’ve been waiting for an entry to “Whiz” this again. Last one was entered on May 18 and became a nice run.
  - vxxkelly 11:57 am on Monday, October 30, 2017
    
    Fib levels @ $39.7 and $38.52
    - fuzzballl 11:59 am on Monday, October 30, 2017
      
      Climbed about 10 thousand feet for a better view. Fun watching this stuff…
    - fuzzballl 12:00 pm on Monday, October 30, 2017
      
      Did you Fib that from the low on Jun 21?
      - vxxkelly 12:12 pm on Monday, October 30, 2017
        
        I looked at it 2 ways. The latest rise from 9/27 to 10/25 then also the 6/21 low to 10/25.
        
        End up with overlapping levels at $39.70. Then 2 more close levels at $38.52 and $38.36.
        
        fuzzballl 12:13 pm on Monday, October 30, 2017
        
        Thanks!
        
        vxxkelly 12:15 pm on Monday, October 30, 2017
        
        If you are familiar with any of Rahgee Horners stuff, there are several darvas levels at $38.34 as well.
        
        fuzzballl 12:16 pm on Monday, October 30, 2017
        
        I get her free videos but not real familiar..
        
        vxxkelly 12:17 pm on Monday, October 30, 2017
        
        That’s fine, you at least are familiar.

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