Did you trade out of the Oct straddle yet?
INTC trade
- Thread starter EliteTraderNYC
- Start date
glad i had this on paper trade luckily iron condors on other things worked out this week.
INTC ended the week at $32.75
IMO ........ That's very good for the position you posted in the OP. The credit for the short Oct16 32.00 straddle was $1.40 and could be closed at $0.79 - you keep $0.61. The long Nov06 32.00 straddle would still be open.
So far the goals have been achieved - you lowered the cost of the long straddle by selling high IV going into earnings.
