Picking Premiums in Front of a Streamroller

Underlying: QQQQ

SHORT 48 Sep'07 Call @ 0.69
SHORT 44 Sep'07 Put @ 0.41

LONG 53 Dec'07 Call @ 0.35
LONG 39 Dec'07 Put @ 0.51

Max risk: $500 x 2 = $1000

Premium collect: 0.24
 
Rolling...

Underlying: QQQQ

COVERED SHORT 48 Sep'07 Call @ 1.28
Loss = 0.59

SHORT 50 Oct'07 Call @ 0.76
SHORT 44 Sep'07 Put @ 0.41

LONG 53 Dec'07 Call @ 0.35
LONG 39 Dec'07 Put @ 0.51

Total premium collected from strategy: 0.41
 
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