Rolling the short straddle early due to the strong upward momentum.
$EWZ @ $30.39
BTC 1 EWZ June 05: 27 short straddle @ $3.55 (originally sold for $1.62)
STO 1 EWZ June 12: 30 straddle @ $1.84
The short straddle is covered by a long EWZ Sep 18: 24 put / 30 call strangle.
Now it becomes interesting. The strong move perhaps came earlier than I would have liked, but the long Sep $30 call is now ITM. That has come at a cost of some debit rolls, but the credits will come further down the timeline.
Options Bistro 