Account value $2632 I rolled my short put to Feb14 23. Short March call rolled to Jan15 strike 23. Call is far out, but I wanted to roll now rather than wait till expiration and have nowhere to roll. If price falls, I will roll back and down.
Account value $2600. At $2000 I'm throwing in the towel. At the moment, my loss on short put is a bit higher than gain on short call. If market falls a little bit more, I might roll short call down and back. Credit from doing so won't cover loss on the put, but will result in higher time value per day.
Last Friday I rolled my put option to -1 23 Jul14 put. At the moment I have a loss of $45, however I have a profit on my short call of $128. Total value of short options is about $500, I'm considering rolling to Oct14 20 straddle for a small credit.