#LongPuts #LongCalls #LongLEAPStraddles – Gonna continue pounding the put side while waiting for a pullback. I may end up getting put and call LEAPS paid for in a month just selling near the money puts on this rise. Rolled this one up multiple times last two weeks.
Bought to Close FB MAY 11 2018 182.5 Puts @ .20 (sold for 3.95)
Sold FB MAY 18 2018 187.5 Puts @ 3.22
17.50 premium received in 4 weeks. The combined cost of LEAP calls and puts was 30.00. Still 35 weeks to run. Would enjoy a pullback to get the call side involved again. Until then I’ll be gradually rolling the ITM calls up and out.
EDIT: Rough numbers on the sales. I’ll catch up over the weekend…