In today’s portfolio analysis, the market continues to fall hard, so we’re licking our wounds with our long delta portfolio. But not only that, we just noticed that BABA has moved their earnings date...to inside of our current cycle! We’ve been very careful to keep this Inverted Strangle away from this upcoming earnings cycle, but from time to time, companies will make changes to their earnings announcement dates. As option traders, this can force us to have to adapt and adjust.
