Rolling: NVDA August 19th 190 Short Call to 160... for a 6.10 credit and selling the 180 call for 2.52.
Comments: Inverting my original short strangle to a 5-wide (165P/160C) and selling the 180 call to flatten net delta. Total credits collected of 17.48. Resulting delta/theta 8.27/29.95 with a downside break even of 147.52.
This underlying ... has been pesky. It's possible that taking on shares and selling call against would've been the better way to go, since it ripped up to 190 at one point (only to subsequently give it all up), which would have afforded me an opportunity to bail on the position.
Deltahedging
Opening (IRA): SPY June 17th 378/September 16th 459 LPD*... for a 61.68/contract debit.
Comments: After having taken profit on my existing SPY short delta hedge (See Post Below), opening a new one, paying 61.68 for an 81 wide with a 397.32 break even. Selling the front month 30's and buying the back month 90 deltas to provide me with net -60 delta of hedge/contract. I've had to go with "a few" additional units here due to price pushing into my short puts (thereby increasing their delta).
The basic goal here is to keep portfolio net delta "flattish" throughout these market gyrations.
* -- Long put diagonal.