Did not have time to post but at lunch converted my UTX short puts and NSC short puts into strangles. Both going into earnings.
Normally I don’t do this on individual names, but trying to stay in some trades just a little longer to let theta do some work. As soon as I have a profit will close and roll down.
STO 24 DTE NSC 141 call for 0.6. Now have 127/141 strangle.
STO 24 DTE UTX 131 call for 0.6. Now have the 122/131 strangle.
I was looking at doing the same with XBI but is tearing to the upside. As soon as momentum shifts will add call side.