Opened a new short strangle position for following week given the price action downwards. New strangle is at slightly more than 4ATR range for strike prices.
$TSLA 20240105 270.0 CALL$ $TSLA 20240105 230.0 PUT$
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- whymustitellyou·01-03Closed both positions for overall profit as price action is testing the bottom of my range, i.e more than 50% move towards my strike price. Daily candle is also a gap down with healthy volume in first hour of trading. Better to take available profits and reduce risk. Will sell a separate strangle at lower strike price range since there is 2 days left for the week for additional premium. Unable to share closing orders as can only max share one more image for this thread.LikeReport