OPENING: XOP OCT 19TH 39/44 SHORT STRANGLE
... for a 1.31/contract credit.
Probability of Profit: 64%
Max Loss/Buying Power Effect: Undefined/5.95/contract
Max Profit: 1.31/contract
Break Evens: 37.69/45.31
Theta: 2.53
Delta: -4.15
Notes: Shooting for 50% max; adjust at skew out to +/- 30 delta.
Probability of Profit: 64%
Max Loss/Buying Power Effect: Undefined/5.95/contract
Max Profit: 1.31/contract
Break Evens: 37.69/45.31
Theta: 2.53
Delta: -4.15
Notes: Shooting for 50% max; adjust at skew out to +/- 30 delta.
Trade closed manually
Taking profit a smidge early at 29 DTE; covered for a .70/contract debit or a .61 ($61)/contract profit.
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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.