Closed: SPY April 29th 436/454 Short Strangle

... for a 9.75 debit.

Comments: Collected a total of 11.84 in credits with this; closing out here results in a realized gain of 2.09 ($209).

Here is the blow by blow (See Posts Below):

Opened the April 29th 375/454 for a 6.96 credit (delta neutral).
Rolled the 375 up to the 431 for a 4.09 credit (cut net delta).
Rolled the 431 to the 436 for a .79 credit (cut net delta).
Beyond Technical AnalysisdefensiverollingoptionsstrategiesshortstrangleSPDR S&P 500 ETF (SPY)

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