# Forum for Hermanlau's team (TEAM8a49df7550114517)

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  • Closed call side of strangle and sold a new call option at lower strike price for more premium considering the strong bearish price action.


    $TSLA 20240119 235.0 CALL$
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  • Two consecutive days of gap down due to bearish news means the put option is already being tested. Will not do anything for now as potential losses still below my max cut loss point which is when total losses exceed total premium received.
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