Comments: With the 69 short put converging on worthless, rolled it up to a strike with a delta about half that of the short call. I originally collected 2.22 in credit for the 69/97.5 short strangle (See Post Below) and had a profit target of 50% of that or 1.11. Consequently, I'm revising the profit target to 1.11 plus what I received for the roll up of the 69 (1.01) (i.e., my new profit target to take off the now 86/97.5 is 2.12).
The other way to look at it is that I've collected a total of 3.23 in credits -- 2.22 for the original setup plus 1.01 for the roll up, and I want to close it out for 1.11 less than that or 3.23 - 1.11 = 2.12.
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