ROLLING LULU APRIL 8TH 68 TO APRIL 15TH 68.5 SHORT CALL
I didn't like how price was dancing around my short call strike post earnings, particularly with an analyst upgrade that's probably keeping it there, so I rolled the April 8th 68 short call to the April 15th 68.5 to give it a touch more space and time to work out (filled for a .12 ($12) credit).
Since I closed out my original setup's short put at near worthless, I also sold a 63.5 short put in the same expiry for an additional .32 ($32) credit), resulting in an April 15th 63.5/68.5 short strangle.
Since I closed out my original setup's short put at near worthless, I also sold a 63.5 short put in the same expiry for an additional .32 ($32) credit), resulting in an April 15th 63.5/68.5 short strangle.
