i am just hoping that aapl closes inbetween 180-195 so my strangle - shorted 180 puts and shorted 195 calls expire worthless. if aapl close slightly below 180, may just exercise it and go for earnings with a cover call.
i sold 150 and 160 puts as well as 240 and 250 calls when aapl was at 200. cover those and use the extra margin to do the current 180-195 strangle. i haven't own any shares since mid december. your 150 and 160 puts are safe and will 99 percent expire worthless.