NaughtyPines

Rolling: JETS December 17th 23 Short Straddle to January 21st

AMEX:JETS   U.S. Global Jets ETF
... and selling the 19/27 long straddle aspect for an .86 credit total.

Comments: This originally started as a 19/23/23/27 iron fly, for which I received a 1.86 credit. (See Post Below). I closed out the longs for a .42 credit and then rolled to naked "as is" to the January 21st monthly for a .44 credit with the net delta of the position now being bullish (since my assumption is that this recovers at some point). Total credits collected of 2.72.