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.