... for a 4.04 credit.
Comments: High IVR, >21 IV. Sticking a little pickle in here, targeting the strike paying around 1% of the strike price in credit which is quite a bit out of the money at the 8 delta.
Metrics:
Buying Power Effect/Break Even: 380.96
Max Profit: 4.04
ROC at Max: 1.06%
50% Max: 2.02
ROC at 50% Max: .54%
Comments: High IVR, >21 IV. Sticking a little pickle in here, targeting the strike paying around 1% of the strike price in credit which is quite a bit out of the money at the 8 delta.
Metrics:
Buying Power Effect/Break Even: 380.96
Max Profit: 4.04
ROC at Max: 1.06%
50% Max: 2.02
ROC at 50% Max: .54%
Note
Nearly at 50% max ... . With 35 DTE, rolling up to May 16th 452 (11 delta; paying 1% of the strike price in credit) for a 3.01 credit; 7.05 total credits collected.
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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.