Borrowed an idea from TastyTrade but tweaked the strikes a bit (their trade was 40/49 when the stock was lower).
Sold $X Apr 20 40/50 strangle @ 2.85. Stock at 47.12 so this has a bit of a bearish bias resistance just above the current level.
Borrowed an idea from TastyTrade but tweaked the strikes a bit (their trade was 40/49 when the stock was lower).
Sold $X Apr 20 40/50 strangle @ 2.85. Stock at 47.12 so this has a bit of a bearish bias resistance just above the current level.