I decided to sell the strangle on M stock options in order to practice in a situation when the stock price will approach the break-even boundaries. Sold 3 contract which is equivalent 300 shares. Selling a strangle means making a profit if the price stays within the range. If the price goes out of range at the expiration of the options, then we get a loss.
When selling the strangle, the price was 37,20. Break-even boundaries of the combination at expiration of options 20 January next year — 40,20 above and 33.80 below.
The plan is — when the price touches the upper border 40,20, will have to buy 300 Shares, and if it touches the bottom border 33,80, short 300 Shares. And wait for the options to expire. Well, if the price does not exceed the break-even boundaries, then also just wait for the options expiration.
Although, I guess, it is better to immediately place stop orders for opening positions in shares at the break-even boundaries, otherwise you can miss the moment.