#ShortStrangles – Reversing call side to puts and closing original puts…

Original trade was:

Sold ROKU DEC 15 2017 35.0/60.0 Strangles @ 3.19

I’m getting out of the way of the call side of this…

#ReverseRolled ROKU DEC 15 2017 60.0 Calls to DEC 15 2017 42.0 Puts @ .22 credit

And to stay inside my risk tolerance:

Bought to Close ROKU DEC 15 2017 35.0 Puts @ .40 debit

New position is now regular old 42 strike short puts @ 3.01