| Option | (Position) |
| (Closed my position for $41 gain) | |
| V 02OCT2015 73 C | (Sold for 20c premium) -1 |
| V 02OCT2015 68.5 P | (Sold for 23c premium) -1 |
Last Friday, I put on a STRANGLE on $V. This is a weekly trade for me. In order for me to keep my premiums that I collected when I sold my CALL/PUT, I need $V to trade in between $68.50-$73.00 by Oct 2, 2015.
Whenever I open up new positions, the market usually tanks right after causing me a headache. If only I had been more patient, I would have gotten more premiums on my PUT. Stay calm and wait it out. Writing this today, I am out of harm's way... but who knows what will happen in the next two trading days that will follow.
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