... for 100.68 versus 102.50 scratch, a 1.82/$182 winner.
Notes: A lot of shenanigans and buying power to get out for 1.82. However, this started out as a troubled short straddle that was more than 5.00 underwater and that I fiddled with way too long, so I'll take it and redeploy anew with the same basic strategy: start out delta neutral, delta under hedge to flatten net delta to allow theta to do its thing ... .
Notes: A lot of shenanigans and buying power to get out for 1.82. However, this started out as a troubled short straddle that was more than 5.00 underwater and that I fiddled with way too long, so I'll take it and redeploy anew with the same basic strategy: start out delta neutral, delta under hedge to flatten net delta to allow theta to do its thing ... .
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