TRADE IDEA: XOP APRIL 22ND 24/33 SHORT STRANGLE
Updated
Gotsta go where the volatility takes you when premium selling, and it's still in oil and gas ... .
Here are the metrics for the setup:
XOP April 22nd 24/33 short strangle
Probability of Profit: 70%
Max Profit: 107/contract
Buying Power Effect: Undefined
Break Evens: 22.93/34.07
Here are the metrics for the setup:
XOP April 22nd 24/33 short strangle
Probability of Profit: 70%
Max Profit: 107/contract
Buying Power Effect: Undefined
Break Evens: 22.93/34.07
Note
Filled for a 1.05 credit.
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.