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8/21/20: Portfolio Analysis - Short Strangle, Tiny Winner...Roll or Close?

From Theory To Practice

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

In today’s portfolio analysis, we take a look at our Short Strangle in UBER. This trade hasn’t really worked at all, as UBER has fallen down below our Short Put strike and remained down there for a little while now. However, because of our following the mechanics, we’re actually showing a small winner on the position. As a result, we have to decide what we should do: roll the Short Call down into a Straddle or close the position entirely?

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