Trade Update - IWM Delta Adjustment
Hi Steemians,
IWM hit my short 165 call today, so i had to roll up the 157 put to the 165 strike in order to collect more credit and to neutralize my short deltas.
I collected $1.92 for the roll.
So my new overall credit for the July 165 short straddle is $5.38, as you can see below.
At the moment my position is down 33 cents ($33 per one lot).
I collected $3.46 for the original strangle. My starting profit target of 50% of the initial credit ($1.73) didn't change, so I'm going to close this straddle, when it trades for $3.65.
Good luck trading,
Stephan Haller
Legal disclaimer: These are not trade recommendations. Options involve risk and are not suitable for all investors. The trades shown above are for educational purpose only.