OPENING: IWM FEB 21ST 125/2 X 170 RATIO'D SHORT STRANGLE
... for a 3.46 credit.
Metrics:
Max Profit: 3.46
Max Loss/Buying Power Effect: Undefined/~29.40
Break Evens: 121.52/171.74
Delta/Theta: -.21/3.16
Notes: Selling IWM premium in the expiry in which the at-the-money short straddle is paying more than 10% of the value of the stock. Adjusted call side slightly compared to "The Week Ahead Post." Will look to take profit at 50% max, adjust sides on side test and/or side approaching worthless .... .
Metrics:
Max Profit: 3.46
Max Loss/Buying Power Effect: Undefined/~29.40
Break Evens: 121.52/171.74
Delta/Theta: -.21/3.16
Notes: Selling IWM premium in the expiry in which the at-the-money short straddle is paying more than 10% of the value of the stock. Adjusted call side slightly compared to "The Week Ahead Post." Will look to take profit at 50% max, adjust sides on side test and/or side approaching worthless .... .
تعليق:
Near opex check. This little puppy has moved up 10 handles since I put it on at the beginning of September and is currently underwater (5.01 at the mid price versus 3.45 fill price). Because neither side is approaching worthless or being tested, going to leave it alone, which I'm apparently doing with a lot of the longer-dated stuff.
تم إغلاق الصفقة يدويًا:
Closing here for 1.98/1.48 ($148) profit, 43% max.