Wednesday, May 24, 2017

Trade Adjustment - 16 JUN TXT 46/50 Strangle [Closed]

Trade Adjustment [Opening Trade][1st Adjustment]
The Call side (already rolled down to 47 from 50) of the trade was breached, so I rolled up the Put side to turn the Strangle into a Straddle and collect additional credit to improve the POP.

Rolled: eight 16 JUN TXT 46 Puts
  • Bought: eight 16 JUN TXT 46 Puts @$0.51
  • Sold: eight 16 JUN TXT 47 Puts @$0.86
Total Credit: $280.00
Total Commissions/Fees: $10.32
Balance: $40,484.47



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