#markettide

Is showing a possible reversal on the 5 minute for /ES.

IBB STO the other side of the strangle at 103 c for 0.65 for 11/8 exp. Strangle is now the 101.5/103 for 3.45 credit total after some rolls. I am trying this as an experiment based on the TT research. Open initially at 43-45 DTE then manage at 21 DTE no matter what. Rolled the put side last week. They showed that beats all other management tactics for selling options so seeing how it works in real time with real money. 10 contracts so there is some skin in the game. So far so good, showing an $875 profit even with the puts being ITM. If it works will set up ladders on various ETFs. Single tickers would use #jadelizard to avoid upside risk.

#fuzzy
XBI rolled the short 80 put from 10 DTE out to 24 DTE for 0.42 credit. Cb 13.66.
LNG 60/65 rolled out to 45 DTE for 0.52 credit. Cb 7.12.