Sold strangle position for following week slightly early considering next week is a 4-day week. To offset the increased risk, I increased the range between strike prices.
$TSLA STRANGLE 240105 PUT 240.0/CALL 282.5$
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- whymustitellyou·01-03Closed both positions at overall profit. While i could potentially still hold till Friday for more profits, idea is to resuce risk as i already opened separate short strangle position. Trying to keep my excess liquidity around 55-60% level ideally. Unable to share image due to app restriction.LikeReport
- whymustitellyou·2023-12-30Two high volume red candles and a price action that moves 50% towards put strike price (less thab 1ATR away) has me looking to close this strangle position. Will monitor to find a better closing price if possible especially considering the long weekend.LikeReport