Friday, June 30, 2017

Trade Adjustment - 21 JUL BABA 110/135 Strangle

Trade Adjustment [Opening Trade][1st Adjustment]
Rolled the trade out to August expiration to collect additional credit, thereby moving out my break even points and increasing my POP.  New break even points: 126.04 on the put side and 143.96 on the call side.

Rolled: five 21 JUL BABA 135 Straddles @$5.63
  • Bought: five 21 JUL BABA 135 Straddles @$8.92
  • Sold: five 18 AUG BABA 135 Straddles @$14.55
Total Credit: $2,815.00
Total Commissions/Fees: $13.04
Balance: $44,243.29


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