Closed this out today as the remaining premium is no longer worth the margin. The spring is winded pretty tight now, big move in either direction coming soon. Short 5x JUNE 1290P at 4.6pt, exited at 0.6pt (after commission). 20pt*50-> +$1000 gain jw, are you still playing?
Still here. I took a break from the small losses I took with June and July straddles. I am taking a look at improved entry points and staggering my straddles, not just placing them all at one time and necesarily around each expiration day. So, I am paper trading the next couple of months to see how this works out.