Opening: XLK February 18th 151/180 Short Strangle

... for a 2.58 credit.

Comments; Adding to my QQQ "lite" position here. Will look to take profit at 50% max, manage sides on approaching worthless/side test.

I can also conceivably mix and match sides to take profit and reduce risk, since I've not got four legs on (151P/158P/180C/185C) or take profit on the entire four leg setup at 50% max.

Comment:

Rolling the 180 down to the 164 for a 1.81 credit. Total credits collected of 4.39.

Trade active:

Rolling down the 164 to the 157 for a 2.35 credit. Total credits collected of 6.74.