Bonta
06-18

I opened 2.0 unit(s) $COIN STRADDLE 241018 PUT 135.0/CALL 135.0$  ,Managed to roll from 130 short straddle to 135 short straddle for premiums. Defensive position by pushing position further out in time while collecting premiums. When position goes bad, the gd thing is that option selling can be quite forgiving. Like this case. Being rolling the straddle upwards overtime to go nearer to the money.
COIN Straddle
06-18 22:56
US135.0/135.0
SidePrice | FilledRealized P&L
Credit
Open
-113.70
2
--
Holding
COIN STRADDLE 241018 PUT 135.0/CALL 135.0
# Trade Feed: Who is your favorite star traders?

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  • glowzi
    ·06-19
    TOP

    a bit complicated… where is the break-even price then?

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    • Bonta: 
      Haha. Long long way to go, until i can roll until the straddle gets close to the money. At that stage, the straddle can be broken into a strangle for premiums. Then have to adjust until strangles get out of the money. Goihg to be a while. Unless coin crashes
      06-19
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  • XianLi
    ·06-19
    Nice adjustment
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  • NatalieTommy
    ·06-19
    Perfect roll
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