FB #Defense I’ve got #ShortPuts…

FB #Defense
I’ve got #ShortPuts on FB (sized for assignment–always), at the time they were delta-19, the 177.5 for .71 cr. With this little upswing I sold a BeCS against those puts to create a #JadeLizard type setup. I sold the Dec 15 182.5/185 for .56 cr. This gives me a new break even of 176.23. I accomplished the following: 1. extended profit range 2. increased max profit 3. flattened deltas 4. added risk to the upside