Sold this strangle Friday as a roll from losing #LongStraddle. Already breached, so rolling. Fortunately, the ATM options are not much more than the strangle sold for.
I skipped all earnings trades just to watch the carnage.
In the most benign trade ever:
Closed on GTC order: $GUSH Dec 45 calls for .25. Sold in August as part of a #StrangleRoll. My 21 puts are threatened….. that’s why I never sell puts in these things!
BTC $FB Oct 12th 172.5 call for .14. Sold for 1.20 on 9/20
BTC $FB Oct 19th 172.5 call for .40. Sold for 2.00 on 9/26
Strikes breached so stopping out. I will wait to consider rolls tomorrow. The bottom could be in at any second here, but since it looks like we’re entering a Downside Warning, I have to be ready for more downside in the coming days.
BTC $SQ Oct 26th 94 puts for 4.65. Sold in 94/105 #StrangleRoll for 5.50 on Friday. Will leave the 105 calls in place.
BTC $FB Oct 19th 157.5 puts for 3.90. Sold for 2.30 on Tuesday.