KOLD (67.52) - I closed out my Feb 3 $51.50 straddle with the purchase of KOLD at 66.87 which gets called at 51.50, a $15.37 loss less the $11 credit for writing the straddle for a net loss of $4.37 per share ($437 per options contract). Not too bad considering how far NG has plunged since I wrote the straddle.
I also doubled down on my Feb 10 straddle at a higher strike price .... wrote the $67 straddle for $13.20 which will be profitable between $52.80 and $80.20 at expiration ....
In aggregate my two straddles for Feb 10, strikes $61 and $67 will be profitable between $51 and $77. Accounting also for my $4.37 loss this week, overall profitability is achieved next week with KOLD between about $53 and $75. We'll see what happens .....
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