Wednesday, April 29, 2015

X Strangle

1. Opening Strangle 25.5 - 28.5  (Sold for 0.91) -- Earnings Play

2. Purchased back 28.5 Call for 0.03 (Profit = 0.32)

3. Cost basis for 25.5 Put = 0.56 (May 1)
3a. Rolled 25.5 Put out in time = +.22 (May 8)

4. New 25.5 Put cost basis = .78 (May 8)
+ 0.32 Profit
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Total 1.10 Collected

May 1 -- 25.5 (May 8) short put trading for 1.85 / Stock at 23.62 / Stock BE 25.50 - 1.10 = 24.40

5. Rolled out 25.5 Put (May 8) to 25 Put (May 29) for 0 debit - extending duration

GTC order to close position at 1.10





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