WDC has been in a new range. This is still an earnings trade I have been adjusting since last earnings drop. I am up overall on the trade, but the hedging/theta was not keeping up with the drop so went old school calendar adjustment. Rolled the long 743 DTE 90 straddle down to 82.5 for overall credit of 1.5.

Then rolled the short straddle 22 DTE 90 down to 82.5. This is a roll into earnings so good premium. Debit of 4.24 but still against my accumulated rolls of 18.27 credits. Just keeping the cash machine alive for a little longer. Here is the new profit graph as long as we stay in the new trading range of 77-85 or so. Still have 106 weeks to sell against it and no margin requirements now, that is the main reason I tweaked it and to get extra theta burn.