Trade Update : covered strangle

Stock / Symbol: [private_monthly]Cheniere Energy / LNG [/private_monthly]
Option Strategy: covered strangle
Trade entry date: July 18th
Price at trade entry: $9.85
Price at this post: $7.15

Current Position:

Long 200 shares of LNG
for an effective cost of $8.93 per share
Adjustment: Our short 8 strike puts were assigned over the weekend, so we're now long 200 shares. We're selling the 9 strike Sep calls against the position to further lower our cost basis. This turns this trade into a covered call.

Trade Details:
STO 2 LNG Sep11 9 Calls @ $0.30 (GTC, limit order)

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