Opening (IRA): MSTR Dec 20th 75/155 Short Put Vertical
... for a 5.43 credit.
Comments: High IVR/IV at 61.1/113.9. Doing something a little different here, selling the 10 delta short put and buying a put that cuts BPE in about half over doing a naked. Going low delta because, well, the underlying kind of scares the poo out of me.
Metrics:
Buying Power Effect: 74.57
Max Profit: 5.43
ROC at Max: 7.28%
50% Max: 2.72
ROC at 50% Max: 3.64
Compare:
Dec 20th 155 Short Put (Cash Secured)
BPE: 148.30
Max Profit: 6.65
ROC at Max: 4.48%
Will generally look to take profit at 50% max.
Comments: High IVR/IV at 61.1/113.9. Doing something a little different here, selling the 10 delta short put and buying a put that cuts BPE in about half over doing a naked. Going low delta because, well, the underlying kind of scares the poo out of me.
Metrics:
Buying Power Effect: 74.57
Max Profit: 5.43
ROC at Max: 7.28%
50% Max: 2.72
ROC at 50% Max: 3.64
Compare:
Dec 20th 155 Short Put (Cash Secured)
BPE: 148.30
Max Profit: 6.65
ROC at Max: 4.48%
Will generally look to take profit at 50% max.
Trade closed manually
Another quickee dirtee ... . Closed at the open for a 4.43 debit. 1.00 ($100) profit. Waiting would've netted me quite a bit more. It ended the day at bid 2.63/mid 2.98/ask 3.33.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.