whymustitellyou
01-05
Sold weekly strangle for following week. Same open strategy of strike price range of above 4ATR, with current price as near middle as possible as no strong directional bias. 

$TSLA 20240112 257.5 CALL$  $TSLA 20240112 222.5 PUT$  

Forum for Hermanlau's team (TEAM8a49df7550114517)
Discuss with your teammates!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • whymustitellyou
    01-13
    whymustitellyou
    2 days of consecutive gap down means i had to close tbis strangle at an overall loss. Was looking for a better price to close today. Overall, it was still acceptable as total losses still less than total premium received.
  • whymustitellyou
    01-09
    whymustitellyou
    Can consider taking profits today as current profits is more than 50% of total premium collected after only one day of holding the options.
Leave a comment
2