Short strangles on stocks

thx for the feedback. I'm thinking one ETF with positions on different strikes over different months, that way it would be eaier to manage.

What do you think?

 

Update

RHT at $46.36
P/L: -$60.00 after 1 week.
Hold through earnings.

 

Rut roh, RHT under $43 AH. Should we hope that the Euro strengthens?

 

RHT at $42.55, I would now close this position at a loss of $115.00. falcon that is a real world example of selling options.

Buy 45P @ $3.60
Sell 40P @ $1.05
Calls worthless
$255 - credit $140 = $115.00

 

How come the thumb didn't reverse direction and turn red?

 

Because he somehow managed to buy the 50/55 call spread for a credit

 

TYPO

 

I knew that...

Now comes the fun part..Do you close or roll?

 

I would close it and take the $115.00 loss.

 

I am with you

BTW,when you put on condors,how do you decide if the trade is worth taking?

Is there a minmum risk reward ratio you wll accept?

IMO,thats the first step..