This trade started out as a 46/50 Strangle but ended up as a 47 Straddle after making two adjustments due to my strikes getting tested:
- 1st Adjustment - 46 Put was tested so rolled down the 50 Call to 47 for an additional credit, creating a narrow Strangle
- 2nd Adjustment - 47 Call was tested after rolling it down, so rolled up the 46 Put to 47 for an additional credit, creating a 47 Straddle
Bought: eight 16 JUN TXT 47 Straddles @$1.78
Total Debit: $1,424.00
Total Commissions/Fees: $2.29
Balance: $40,245.19
Trade P/L: $438.72
YTD Realized P/L: $6,079.28
YTD ROC: 18.8%
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