Short term straddle/strangle trades for cost reduction purposes on the corresponding long dated long strangles:
0.5 x EWZ Aug 28: $30 short straddle @ $1.20
0.5 x EWZ Aug 28: $29.5 / 30.5 short strangle @ $0.77 (is the $0.43 cushion versus the straddle sale any comfort?).
XLF Sep 04 $24.5 short straddle @ $0.90 – giving myself more time to adjust.
XLU Sep 04 $60 short straddle @ $1.53
Market makers playing hard to fill for the MDLZ strangle so I am closing that out and replacing with an IBB LEAP strangle.