Rolling: NVDA February 18th 242.5C/265P to March 18th 265*
... short straddle for a 1.23 credit.
Comments: I will probably regret playing through earnings, but throwing a smidge of caution to the wind by uninverting my short strangle and rolling it to the 265 short straddle in March.
Total credits collected of 30.02 with break evens of 234.98 on the put side, 295.02 on the call. Will look to roll up untested side on approaching worthless or on side break even test.
* -- Depicted at the 270 strike to avoid overlap with the February 18th 265 Short Put.
Comments: I will probably regret playing through earnings, but throwing a smidge of caution to the wind by uninverting my short strangle and rolling it to the 265 short straddle in March.
Total credits collected of 30.02 with break evens of 234.98 on the put side, 295.02 on the call. Will look to roll up untested side on approaching worthless or on side break even test.
* -- Depicted at the 270 strike to avoid overlap with the February 18th 265 Short Put.
Comment:
I was expecting a bigger move and to the call side. It's well within the expected move and to the put side, so I may make be able to get out of this trade fairly unscathed.