#ShortStrangles – Even though it’s only a one lot strangle, I’m going to play it cautiously. Closing the short put and will continue to sell calls or call spreads to get back to even as long is the stock is below about 300. Could be setting myself up for a whip saw but there’s no telling how low it can go. Once a little bit of good news comes out I may start selling the put side again.
Bought to Close TSLA APR 27 2018 312.5 Put @ 54.90
Sold against next week’s 300 call. Total premium received so far of 22.65.