Adjusting the PYPL Position Again

The PYPL iron condor is still a loser with its share price outside the short call strike. I need more time for this position to work out so I am rolling to February and collecting a small credit. I plan on getting out when it breaks even.

  • Bought PYPL 01/15/21 Put 220.00 @ 1.70
  • Bought PYPL 02/19/21 Put 210.00 @ 4.75
  • Sold PYPL 01/15/21 Put 210.00 @ 0.75
  • Sold PYPL 02/19/21 Put 220.00 @ 7.19
  • Sold PYPL 02/19/21 Call 220.00 @ 27.87
  • Bought PYPL 02/19/21 Call 230.00 @ 21.38
  • Bought PYPL 01/15/21 Call 220.00 @ 22.30
  • Sold PYPL 01/15/21 Call 230.00 @ 14.42

An additional .10 was collected by making this adjustment. The new position is

PYPL Feb 210P/-220P/-220C/230C for a credit of 7.30.

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