I sold Dec. 150 puts and Dec. 300 calls today and pocketed 22.45 per straddle contract. Just looking for a back and forth game and let time be on my side. Love that premium decay and one side hedges the other. Looking for a rally tomorrow because of margin calls, but I don't think there are as many shorts as there were last earnings release.
You got lucky with the strike prices you chose. Your puts were nearly in the money and your calls were way out of the money. The stock moved today to the midpoint of your strike prices. That is why you made money today. If the stock had moved the opposite, you would have lost a lot of money.
I put them on Tuesday morning and made 100 bucks so far. The 22.45 was premium I was paid. Did the same thing in January and made out very well, even though I was down on paper for awhile when the 195 calls I sold got as high as 34 dollars before I took profits on my positions on Friday. I can play way out of the money because of high volatility premiums. Depending on which way they go, you can rebalance the positions. Time decay and lower volatility is the pay off.