BTC EWZ Aug 21 $31.5 straddle @ $1.96 (sold for $1.48)

With last Monday’s sharp decline on EWZ I used the opportunity to add to my long LEAP strangles and then made a corresponding weekly straddle sale at the lower ATM strike ($30) – this turned the combined set of weekly sales into a profit:

BTC  EWZ Aug 21 $30 straddle for $0.49 @ (sold for $1.29)

Cover is EWZ Jan 2022 long strangle $27 call / $37 put.

Gut feeling told me to hold off from selling the new set of weekly straddles until I see how the market unfolds on Monday.