... for a 1.74 credit.
Comments: Yowsa. This continues to implode, so continuing to manage it defensively ... . As of my last roll, I'd collected 15.25 in credits. (See Post Below). With this roll, I've collected a total of 16.99 for what is now an inverted 15-wide: the 89.22C/104.22P with a downside break even of 104.22 - 16.99 or 87.23 relative to today's closing price of 85.58, so I've still got some work to do to get my cost basis at or below where the underlying is currently trading. Alternatively, I need the markets to do some of the work for me by giving me a bounce.
Comments: Yowsa. This continues to implode, so continuing to manage it defensively ... . As of my last roll, I'd collected 15.25 in credits. (See Post Below). With this roll, I've collected a total of 16.99 for what is now an inverted 15-wide: the 89.22C/104.22P with a downside break even of 104.22 - 16.99 or 87.23 relative to today's closing price of 85.58, so I've still got some work to do to get my cost basis at or below where the underlying is currently trading. Alternatively, I need the markets to do some of the work for me by giving me a bounce.
