Well, today's as good a day as any. Let's see what we can get for rolling out our short options in the QQQQ ITM Strangle position.
By now, you would have already been filled, closing the July $37 put for $.05. So, let's put out an order to sell the August $37 puts for $.25.
Now, with the QQQQs trading at about $38.33, let's buy back the July $37 calls and sell the August $37 calls for a credit of $.30.
If filled, our total credit (for 10 contracts) for the August cycle would then be $.50 ($500). We would be short both the $37 puts and the $37 calls.
Good luck and trade smart!