fuzzballl 9:29 am on Thursday, November 30, 2017
Tags: ShortStrangles ( 716 )

WDC

#ShortStrangles Filled late yesterday. Easing the call side down a little for additional premium…

Rolled WDC Dec 29 2017 92.5 Calls to Dec 29 2017 85.0 Calls @ 1.05 credit

New position is now 82.5/85 Strangles @ 3.55

hcgdavis 10:05 am on Thursday, November 30, 2017

Duh, just realized I have a one sided trade on WDC as it drops so STO Jan 18 90 put at .71. This offsets the 90 puts giving me a straddle for 15.66 so gives me a lot of room to adjust and 50 days left to do it.

I was already short the 90 put from a bunch of rolls at 14.95.

If we start heading back up will buy stock or just close the entire thing out at a profit somewhere along the way.
- hcgdavis 10:07 am on Thursday, November 30, 2017
  
  Break evens at 74 and 104 and change
  - fuzzballl 10:09 am on Thursday, November 30, 2017
    
    Nice roll premium accumulated on those 90’s!
    - hcgdavis 10:15 am on Thursday, November 30, 2017
      
      Only thing saving my bacon at the moment!

Leave a Reply Cancel reply

s: search
c: compose new post
r: reply
e: edit
t: go to top
j: go to the next post or comment
k: go to the previous post or comment
o: toggle comment visibility
esc: cancel edit post or comment