Yum looks like on a steady small uptrend. We might get all our money for the strangle out of it yet. Still holding on. If it makes it to about 48.30 or so, the breakeven point on the strangle will be reached.
I think I am closing out my VIX options. The market seems too bullish at this time.
Update: Closed the VIX option at 3 for a fairly big loss, but the market is showing a lot of strength. Maybe it will even try to hit its previous peak. If yes, that would be the time to try again.
I intend to get out of YUM next week. Options will expire on Friday. So keep an eye on it and exit at your best chance. Even if you take a small hit, capital preservation is the name of the game. Remember, you can make the money work somewhere else and you will not bat a 100%. This is my first strangle that has behaved this way with little to no movement.
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