Opening: XBI April 14th 75 Short Put
... for a 1.83 credit.
Comments: Adding a short back in to strangle my in-the-money high delta 99 short put (which is temporarily acting like long stock). Total credits collected of 15.22 with a downside break even of 83.78.
Comments: Adding a short back in to strangle my in-the-money high delta 99 short put (which is temporarily acting like long stock). Total credits collected of 15.22 with a downside break even of 83.78.
Trade active:
Rolling the April 14th 93 short call all the way down to the 84 strike for a 2.40 credit. Total credits collected of 17.62 on what is now a 15-wide inversion (84C/99P).