in my case i made some cash from 3.12 to 3.30 so now I have bought calls funded by puts so if SP goes north then all good. If sp goes south
as long as I can close out before my prior profit is extinguished then no loss from overall strategy.
The reason I sold last week was so that I have a realised gain - which I prepared to play with. ie strike OTM puts less 18c profit = breakeven from overall strategy (roughly), and w/out overexposing myself to STO.
My thought is STO will trade 3.75 by end September - would take that with a pinch of salt????
STO Price at posting:
$3.40 Sentiment: None Disclosure: Not Held
