Opening: XLK February 18th 151/180 Short Strangle
Updated
... 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.
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.
Note
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.
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