Not a terrible play the warsh activation may cause a short run due to what he wants to make happen. My advice is if it jumps mid month on warsh sell half for a good profit and then maybe let the rest ride. I personally have played strangles on tlt every week for the last 7 weeks and only lost money one of those weeks. They have been getting harder though as premiums went up. We are at the low side of this loooong term range so in that respect it seems like an ok play but unless the new chair somehow convinces the others to vote for cuts i do see new lows happening