OPENING: UAL APRIL 17TH 60/87.5 SHORT STRANGLE

252
... for a 1.69 credit.

Notes:

High rank/implied at 100/48. Delta/theta at .34/5.00.
Trade aktif
Ugh. Rolling the 87.5 down to the 77.5 for .74. Scratch at 2.43.
Trade aktif
Rolling the 77.5 down to the 67.5 for a .75 credit. Scratch at 3.18.
Catatan
Rolling the 67.5 down to the 60 for a .49 credit; scratch at 3.67. Cost basis in shares if assigned on the 60 shortie: 56.33.
Trade aktif
Pulling off the 60C for .04, with a resulting cost basis in shares via the 60 P of 56.37. In preparation for assignment, selling the June 55's for 1.02 with a resulting cost basis of 55.35.
Trade aktif
As expected, price finished below 60 at expiry, so I will be assigned shares with a cost basis of 55.35 and covered by June 55 short call.
Trade aktif
Rolling the June 55 to September (there is no 55 strike in July) on approaching worthless for a .48/contract credit. Cost basis of 54.87.
Trade aktif
Rolling the September 55C to the December 55C for a 1.17 credit and laddering out on the put side with a July 22P's for .92; August 20P's for 1.65; and September 18P's for 1.75 to rapidify cost basis reduction. Scratch at 49.38. My general preference is to not have single name in the IRA, so the sooner I can get out of this trade, the better ... .
Catatan
Wait a sec ... . This setup's in the margin account, not the IRA. In any event, it's still a "sooner the better" trade. Lol.
Trade aktif
Out of the July 22's for .16; scratch at 49.54.
Trade aktif
Out of the August 21st 20's for .24; scratch at 49.78 and selling the December 21's for 2.25. Basically, rolling the August 21st 20's to the December 20's for a net 2.01 credit. Scratch at 47.77.
Catatan
Correction: Rolling the August 21st 20's "to the December 21's ... ." Now a December 21/55 covered strangle with a cost basis of 47.77.
Trade aktif
Out of the September 18P's for .13; cost basis of 47.90.

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