Rolling $PINS until profitable !

I have sold a $PINS naked put at strike 30 on 5 Jan 2022. The stock was trading at $ 22.60 last Friday, so I will keep rolling this position out in time until profitable.

I’ve rolled it 9 times these last months and have been selling short calls at the same strike price to lower the cost basis. The last roll gave me an extra $1.43 credit.

At this moment, I have a short 30 strangle for $6.40 credit exp 18 Nov 2022. 

This brings my break-even point at $ 23.60 !