The order, which was filled, for the five $7 PUT contracts will be executed. The reason for this was to have NOK stock upon which to base 5 CALL contracts. So on next trading day I hope to also sell 5 PUT contracts at the same strike price as the CALLs thus having a STRADDLE in place.

If this was a one leg transaction I would have a realized capital loss of $38 but remember I’ll be collecting a premium for the CALL contracts based on this same lot of shares. To do really well, I need to be able to put the STRADDLE in place.