OPENING: SPY OCTOBER 16TH 275/358 SHORT STRANGLE
... for a 7.87 credit.
Notes: With this little pop in volatility, going out to the first expiry in which the at-the-money short straddle is paying greater than 10% of the stock price, which is in October. Since I'm basically net delta flat here, adding delta neutral camped out at the 16 delta. Scratch at 102.50. Delta/theta: -2.32/26.01.
Notes: With this little pop in volatility, going out to the first expiry in which the at-the-money short straddle is paying greater than 10% of the stock price, which is in October. Since I'm basically net delta flat here, adding delta neutral camped out at the 16 delta. Scratch at 102.50. Delta/theta: -2.32/26.01.
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.