... for a 9.21 credit. Comments: Late post that I was unable to get to yesterday ... . Doing a defensive roll ahead of earnings to reduce directionality in the event it continues on its path downward. I also took off the June 17th 225 short call, which I added in to reduce net delta and reduce cost basis further for an .82 debit, but didn't want to leave it...
... for a .74 credit. Comments: With the 82 approaching worthless, rolling it in to the strike that cuts position net delta approximately in half. Total credits collected of 2.74.
... for a 3.20 credit. Comments: Rolled the untested side in. Total credits collected of 15.53.
... for a .56 credit. Comments: Although the 165 hasn't been tested, the 210 is converging on worthless, so rolled it down a smidge. Total credits collected of 3.79.
... for a 1.72 credit. Comments: Inverting here. Total credits collected of 7.33 on a 5-wide inversion (71C/76P). The best outcome for this would be a finish between 71 and 76, but the most I can hope to make on it would be the total credits collected of 7.33 minus the width of the inversion (5.00) or 2.33.
... for a 4.80 credit. Comments: Rolling untested side of my short strangle in. Total credits collected of 12.33.
... for a 2.74 credit. Comments: Inverting slightly here with 14 days to go. Total credits collected of 15.64 on a two-wide inversion (the April 22nd 354C/356P). Delta/theta 17.58/40.95, 9.48 of extrinsic. I don't usually hang out in these much past this point, opting instead roll out for duration and then doing adjustments from there on the rolled out setup....
... for a .78 credit. Comments: Flattening net delta of my short strangle on this down move. Total credits collected of 1.97. Resulting setup is the May 20th 176/217 with delta/theta of -.52/8.36.
... for a 9.75 debit. Comments: Collected a total of 11.84 in credits with this; closing out here results in a realized gain of 2.09 ($209). Here is the blow by blow (See Posts Below): Opened the April 29th 375/454 for a 6.96 credit (delta neutral). Rolled the 375 up to the 431 for a 4.09 credit (cut net delta). Rolled the 431 to the 436 for a .79 credit (cut...
... for a 1.95 credit. Comments: Rolled up the untested side of my April 22nd short strangle, the short call aspect of which is at the 361 strike. Total credits collected of 12.90 relative to a setup value of 12.55, so probably could have also closed it out for a small winner here. Delta/theta of -14.66/39.23 with 343.10/373.90 break evens.