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Rolling: ARKK April 14th 80C/103P to May 20th 77P/102.22C... for a .93 credit. Comments: There isn't much extrinsic left in the deep in-the-money short put, so rolling it out to May to collect additional credit and reduce cost basis further. Total credits collected of 25.86 on what is now a 24.22 inverted with a break even of 76.36 relative to where the underlying is currently trading at 65.37. I'll continue to scalp around this position to reduce cost basis further, but have been working it for several cycles already, so it's more about mitigating loss at this point than attempting to make money on the position (although you never know).
AMEX:ARKK
by NaughtyPines
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.
NASDAQ:NVDA
by NaughtyPines