This rolled out, "goofy" setup (it basically morphed into a long strangled inverted short strangle upon rolling) has moved into profit, so -- like the LULU short strangle (i.e., broken and rolled) -- I'll look to take it off at NY open for a small profit, so that I can redeploy the buying power elsewhere in a higher probability setup ... .
I'll post the trade chain once I've closed it out ... .
I'll post the trade chain once I've closed it out ... .
Comment:
Oops. After I closed this out and examined the full trade chain, it turned out to be an $80 odd loser. Before you close a rolled out setup, always look at your entire trade chain to see if the original trade setup + rolls is in profit, not just the rolled out setup ... . Rookie error.