UPDATE: June 07, 2017
 

Today, as TECK continued slipping down, our calls closed:
 

BTC 1 TECK Jun30 21.00 call

@ 0.05 debit limit
 

Remember, after I open a new trade, I immediately place a GTC buy back order for 0.05 debit. The order then hangs out there with my broker until either canceled or closed.

I still hold the put side of this trade waiting for it to either close for a 0.05 debit or, if the stock continues lower, roll it.
 

Original Trade: May 30, 2017
 

I decided to open another strangle using TECK Resources underlying.

One reason I like to trade this stock is that it is cheap (the buying power requirement was only ~$189 dollars) and it still provides a decent implied volatility for the trade.

 
Here is the trade detail:
 

STO 1 TECK Jun30 16.50 put
STO 1 TECK Jun30 21.00 call

@ 0.40 credit limit
 

TECK @ 18.76
trade IV: 43.41%
 

The trade executed for 0.41 credit (or $41 dollars).
 

I plan on holding this trade until expiration and also opening new trades in a ladder style. That means that I would create a series of trades expiring every week.