After being spoiled the last couple of weeks it's a bit hard to sit back and let these plays ride. I still have not sold any of my open strangles. I still have my 10% profit limit sell orders in, so all there is to do is wait until those get filled. Meanwhile I have been making some additions/changes to the blog to help make it more useful to everyone. I hope to get some more educational posts up soon.
Something I have played with some with limited success is "legging out" of the profitable side of a strangle and riding the other option back to a profit much quicker. Everything is in a valley right now and looks to be primed to bounce. I would be tempted to try this on one or two of my stocks, but it requires a little bit of monitoring during the day. I have a short day at work tomorrow, and them I'm going out of town to help my brother-in-law move. So I won't have time to monitor any trades.
Labels: update
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