... for an .81/contract credit.
Comments: A continuation of my covered strangle, consisting of January '22 47 covered calls plus the short puts. It's taken off quite rapidly here, so rolled the short put up today to reduce cost basis further. Cost basis at 41.32 (See Post Below) minus .81 or 40.51. This will make this a nice winner assuming the short put approaches worthless, and it stays above 47 running into January expiry.
Comments: A continuation of my covered strangle, consisting of January '22 47 covered calls plus the short puts. It's taken off quite rapidly here, so rolled the short put up today to reduce cost basis further. Cost basis at 41.32 (See Post Below) minus .81 or 40.51. This will make this a nice winner assuming the short put approaches worthless, and it stays above 47 running into January expiry.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.