Sold a May 27th 16.5 short straddle at NY open, given the fact that it was one of the few underlyings with a 70+ implied volatility rank (it was, at any rate, this morning; it has come off that a bit).
The metrics:
Probability of Profit: 53%
Max Profit: $127/contract
Buying Power Effect/Max Loss: ~$287/contract; Undefined Risk
Break Evens: 15.23/17.77
Notes: With short strangles, I generally look to take profit at 25% max. In this particular case, this won't yield much if you only go with a one lot, so you may want to increase your lot size to be able to get at least $50 out of the trade ... .
The metrics:
Probability of Profit: 53%
Max Profit: $127/contract
Buying Power Effect/Max Loss: ~$287/contract; Undefined Risk
Break Evens: 15.23/17.77
Notes: With short strangles, I generally look to take profit at 25% max. In this particular case, this won't yield much if you only go with a one lot, so you may want to increase your lot size to be able to get at least $50 out of the trade ... .
Not
Bought to cover this for a small profit. Wanted to free up buying power for earnings plays ... .
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.