thomberg1201 8:45 am on Tuesday, March 13, 2018
Tags: ShortStrangles ( 716 )

#shortstrangles MU From Tastytrade April…

From Tastytrade April 20, 50/75 strangle for 1.98, MU is at 60.

Brooklyn 10:06 am on Tuesday, March 13, 2018

I followed. Thx for pointing it out. Missed in on the TW follow page
1strangealien 10:19 am on Tuesday, March 13, 2018

I’ve never done one of these, does this mean you sold a 50 put AND sold a 75 call?
- fuzzballl 10:33 am on Tuesday, March 13, 2018
  
  One of my favorite strangle plays is to wait for the stock to tank. At that point sell some way out of the money puts and also go ahead and sell the calls well up into the new resistance. Seems to work pretty good.
  
  Currently in ANET, DECK, and ROKU with these. All are doing nicely.
- thomberg1201 11:54 am on Tuesday, March 13, 2018
  
  Yes, think of it as an iron condor without the long put and call