Rolling: KWEB January 18th 38.42C/40.42P to February 18th
Updated
... 35.42C/39.42P short strangle for a 1.04 credit.
Comments: Another inverted that I'm rolling out a tad early and on which I've collected a total of 5.25 in credit. (See Post Below, to which the 1.04 credit received here should be added). Like ARKK, it also experienced a distribution, which ended changing the strike prices. In any event, it's a 4.00-wide inversion on which I've collected 5.25, so I can still make money on it, but will probably scratch it out if I get an opportunity and re-up with an unbroken setup if the implied volatility remains attractive.
Comments: Another inverted that I'm rolling out a tad early and on which I've collected a total of 5.25 in credit. (See Post Below, to which the 1.04 credit received here should be added). Like ARKK, it also experienced a distribution, which ended changing the strike prices. In any event, it's a 4.00-wide inversion on which I've collected 5.25, so I can still make money on it, but will probably scratch it out if I get an opportunity and re-up with an unbroken setup if the implied volatility remains attractive.
Trade active
I looked at adjusting the short call leg a bit, but it didn't appear to be all that productive, so rolling it out to the March 18th 35C/39P for a 1.01 credit. Total credits collected of 6.26 on a 4-wide inverted.Trade active
Sold the March 18th 27 put for .63. Total credits collected of 6.89 with a cost basis of 32.11 if assigned on the 39's.
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