Good time to sell some premium against my long shares here in high IV. I went with a downside put ratio, no risk to the upside.
Oct18 150/155 put ratio for $1.47 cr.
Downside breakeven is $143.53. I will continue to roll out $150 put if I have to.
Oct18 150/155 put ratio for $1.47 cr.
Downside breakeven is $143.53. I will continue to roll out $150 put if I have to.
Trade active:
Adding the $180/185 call ratio on top of this play to help reduce basis and possibly capture a bit more upside in Oct18 cycle. $.24 cr.
Breakeven is 190.24.
Breakeven is 190.24.
Trade active:
Closing the put ratio here on the up move for 50% win, $.75 db.
Trade closed manually:
Closing the call ratio here for $.14 db.