... for a .05 debit.
Notes: Here, just stripping off some approaching worthless short call. Because my scratch here is 8.59, I'm not going to do a ton further with it running into March expiry, except to strip off "approaching worthless" options. This is because the most likely scenario is assignment on the 31 short put, where my cost basis is 31 minus 8.59 or 22.41 versus 21.89 spot. I'm fine with that, since the underlying is toward the end of range lows.
Notes: Here, just stripping off some approaching worthless short call. Because my scratch here is 8.59, I'm not going to do a ton further with it running into March expiry, except to strip off "approaching worthless" options. This is because the most likely scenario is assignment on the 31 short put, where my cost basis is 31 minus 8.59 or 22.41 versus 21.89 spot. I'm fine with that, since the underlying is toward the end of range lows.