... for a 1.23 credit.
Comments: The last of my Friday defensive adjustments/cost basis reduction rolls. Here, rolling down the short call aspect of my inverted short strangle, the short put end of which is at the 105 strike. Total credits collected of 11.45 (See Posts Below), so my downside break even is 105 (the short put strike) minus 11.45 or 93.55.
Comments: The last of my Friday defensive adjustments/cost basis reduction rolls. Here, rolling down the short call aspect of my inverted short strangle, the short put end of which is at the 105 strike. Total credits collected of 11.45 (See Posts Below), so my downside break even is 105 (the short put strike) minus 11.45 or 93.55.
