DKNG Short strangle for a $1.29 credit
Updated
FEB 18 STO 20 P
FEB 18 STO 35 C
POP 76%
Delta -9.70
P50 88%
Theta 4.213
M Profit 129
M Loss Infinity
BP -$268.71
ROC 48%
FEB 18 STO 35 C
POP 76%
Delta -9.70
P50 88%
Theta 4.213
M Profit 129
M Loss Infinity
BP -$268.71
ROC 48%
Note
I rolled the 22.5 Put to the 20 strike for a 1.09 debit as price was approaching and rolled the 35 Call to the 25 strike for a 1.22 credit for an additional .11 credit.
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