This APP cash-secured put was part of a strangle setup, and like the short call side, both legs eventually expired worthless as the stock stayed well within range. The short call leg was actually a rolled-up-and-out position — a precautionary move after the initial call went in-the-money when APP surged post-earnings. Although the underlying didn’t reach my original strike, rolling early helped manage risk while giving the trade more breathing room. The position ultimately expired worthless, locking in the full premium from both sides of the strangle. Staying calm during those run-ups is key — rolling is a simple yet powerful way to mitigate short-term pressure, keep control of the position, and let time decay work in your favor. I’ll continue applying this approach as APP consolidates, setting up for the next strangle once new levels emerge.
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- twisty·2025-11-11TOPSmart move rolling those calls early mate, staying calm really paid off [强]1Report
- Enid Bertha·2025-11-14Doesn't look good, probably headed down more in the coming daysLikeReport
- Venus Reade·2025-11-14So oversold and volume has been anemic. We ride tmrw!!LikeReport
- mster·2025-11-11🙏LikeReport