Hello, Back in mid December 2019, I sold a straddle & bought a strangle on Tesla. Specifically, I sold: 2 Calls & 2 Puts, both with a $430 strike & Feb. 14th, 2020 expiration. I bought 2 $435 Calls & 2 $425 Puts, all February 21st, 2020 expiration. I received about $360 from this trade. Obviously, Tesla has gone practically straight up (& pretty massively). In fact, as I write this (after hours after earnings), TSLA is up about another $66 to $647! Earlier today, I saw I could've closed out the whole position for about $1200 which would've given me a net $840 loss. However, holding it until the short straddle expires (or almost expires) should only have me closing it down $1,000 or a net $640 loss. Does this sound like the right approach? Thanks in advance. John