PYPL’ s share price has been strong. I decided to move up the put side of the iron condor in the same month in order to collect additional premium and to minimize the damage if the share price continues to rise.
Bought PYPL 01/15/21 Put 175.00 @ 0.97
Bought PYPL 01/15/21 Put 210.00 @ 7.38
Sold PYPL 01/15/21 Put 165.00 @ 0.57
Sold PYPL 01/15/21 Put 220.00 @ 11.78
An additional 4.00 was collected by making this adjustment. The new position is
PYPL Jan 210P/-220P/-220C/230C for a credit of 7.20.
US Steel has had a decent run allowing me to take off the vertical put spread for $55 profit per
NFLX has held the line and rebounded some in recent days enabling us to close the put spread for 1.50.
Selling a July put spread in X that is 3.00 wide and collecting 1.10. The maximum possible loss is $190
Boeing had a decent run during the past few days allowing us to close the trade for a profit of
Boeing has been hanging in there, but it is time to roll as May expiration approaches. Sold BA 06/18/21 Put
GDX has risen smartly to the point where I am closing the vertical put spread for a $530 profit. Bought
