OLED

#Earnings – I think the easiest (and safest) way to turn this strangle into a winner is roll it into synthetic.

Closed Mar 16th 143/140 Inverted Strangle

Opened Jan 2019 120/120/115 Synthetic in same size.

Rough math after rolling strangle loss into synthetic basis is max loss of 44.60 with 46 weeks to run so .97 per week with pretty good premium in the weeklies. I may add one more synthetic to lower the weekly requirement.

And:

Sold OLED MAR 9 2018 128.0 Calls @ 1.30