Funny how that pinned right between the strikes.
Looking at a daily chart, it looks to be in a 19 day bull flag pattern on a longer term basis. So it seems that it may take some time to break out of that pattern.
With the VIX up near 25, I would think the option sellers will have a big advantage over the buyers. Im not sure of your cost basis on your strangle, but since theres lots of time before expiration, you may be able to sell some more weekly options against your longs, especially with the IV for IWM next week is around 35%, so the market is expecting a 2.30 move in either direction for next week. April IV is around 30%
You may be able to make money in both directions if volatility stays high the next couple of weeks.
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