Short TWTR Strangle

١١ أغسطس ٢٠١٨

Today I sold a Sept 21 33 Call and a 30 Put for a 2.10 credit. The call is covered (average share price $24) so I have no upside risk. Shares are trading sideways since earnings and I'm just looking for some time premium. I also have uncovered shares anticipating an eventual recovery.

١١ سبتمبر ٢٠١٨

تم إغلاق الصفقة يدويًا

It's gotten more volatile this past week so I went ahead and closed this for a profit. My trade went through at 0.89 for a 1.21 profit on the trade. I still have a long position, so that is close to breakeven on the underlying (stock price was about $31.80 when the strangle was sold on Aug 10, 30.85 now).