On October 6th , I played via a 2 contract 72/75/90/93 iron condor, for which I received a .94 credit. Price proceeded to breach the short side, but I closed out the call side for a .16 debit, and then proceeded to roll out the 72/75 short put wing to the Nov 27th expiry for a 1.25 debit, which I matched with an opposition call side slightly above the short put side (same expiry; 73/76) for a 1.74 credit. On Nov 24th, I closed out the call side for .64 debit, rolled out the short put side to the Dec 31st expiry for a 1.78 debit, and again matched it with an oppositional call side (Dec 31 75/78 for 1.66 credit) (so for the last two rolls I've basically been treading water, with debit received for the short put side roll about equal to that for the credit spread ). Truth be told, I had an opportunity to improve the short put side in early December when price broke 76, but wasn't paying attention ... .
In any event, with 10 DTE , I'm looking to close out the short call side here while I can for a profit, as I don't really want to be short call YUM at 75, since I'm generally on the underlying, given the fact that it's their intent to spin off the Chinese business which, last , was a drag on price ... . I'll then proceed to deal with the short put side of the setup as we get closer to expiration ... .