Breakeven : Upside Breakeven = Middle Long Call Strike plus Net Premium Paid Downside Breakeven = Middle Long Put Strike less Net Premium Paid.
Offset the position by buying back the options that you sold and selling the options that you have bought in the first place.
Having the patient to wait, knowledge to apply and discipline to follow through the option trading strategies with appropriate risk-reward parameters is important to your long term success in option trading.
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