Today I sold a Sept 21 33 Call and a 30 Put for a 2.10 credit. The call is covered (average share price $24) so I have no upside risk. Shares are trading sideways since earnings and I'm just looking for some time premium. I also have uncovered shares anticipating an eventual recovery.
Trade closed manually
It's gotten more volatile this past week so I went ahead and closed this for a profit. My trade went through at 0.89 for a 1.21 profit on the trade. I still have a long position, so that is close to breakeven on the underlying (stock price was about $31.80 when the strangle was sold on Aug 10, 30.85 now).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.