Strange that this topic will come out.

[LOL] 

I just sold strangles for $Apple(AAPL)$ And $Tesla Motors(TSLA)$ 

Apple strangle is at $150 call & $115 put while Tesla strangle is at $175 call & $90 put.

The rationale for selling strangles for apple is that, I am of the opinion that valuation is attractive, but I doubt that next year's economy would be friendly to apple, esp in consideration that apple didn't raise iphone prices even without counting supple chain issues to the mix. 

Hence, my opinion is that in the short run, apple prices will remain range bound. Selling strangles will allow me to capture time decay bearing any strong directional moves.

Rationale for selling Tesla is that, valuation dropped significantly suddenly. 

I am of the opinion that it's reaching oversold condition, but I buffered for contingency at Selling puts at $90 in case the prices continued to fall. However, in case prices continue to fall further, I sold call at $175 for insurance. If prices continue to fall, the call will cushion the pain. 

Let's see how it goes, if the positions are nitin my favour, adding time value by rolling the options further in time will be a viable defence strategy. 

@TigerStars