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NaughtyPines
Jan 13, 2022 11:40 PM

Opened: IWM February 25th 197/300 Short Strangle 

AMEX:IWM1D
iShares Russell 2000 ETFArca

Description

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... for a 3.27 credit.

Comments: Here, just adding in a little IWM in the weeklies around 45 days until expiry while I wait for the March monthly to shorten in duration to do other stuff.

3.27 on buying power effect of 26.15; 12.5% ROC as a function of buying power effect (on margin); 6.3% ROC at 50% max.

Comment

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Rolling the short call down to the 215 for a 1.35 credit. Total credits collected of 4.62.

Trade active

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Rolling the 215 down to the 198 for a 3.78 credit. Total credits collected of 8.40.
Beyond Technical AnalysisIWMoptionsstrategiespremiumsellingshortstrangle
Comments
JM
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Title says 197/300 but you probably meant 197/230

I thought, 'mighty wide' when I read it :joy:
NaughtyPines
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@JM, Yep. Probably rushing about cooking, making drinks, trying to listen to my wife, and attempting to post all at the same time.
JM
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@NaughtyPines, a busy man with an active plan
NaughtyPines
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@JM, In an ideal world, things behave, stay within their expected moves and everything is honkey dorey. :-)
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