We are going to add the put side on our CYN call spread.
We are going to sell the following put credit spread, which will give us an
iron condor straddle on the CYN 40 strike.
put credit spread = bullish put spread.
This addition of this position should not require any additional margin, with
the right broker ( since CYN can not end up both over and under the $40 strike price
at expiration, most brokers calculate the margin requirement on only the side at most
In addition, as noted on the watch list we added three (3) January positions today (BJ) (CVS) (NUVA). which we will begin to follow in the January watch list when the December options go off the board on December 18th.
In addition, if before that time any January position needs attention, you
will notified in a timely manner.