BOUGHT SPY JULY 1ST 206/210 LONG PUT VERTICAL
Updated
I don't do many of these, but since price is in my "sell area" and implied volatility isn't good for a credit spread, I'm doing a debit spread ... .
Metrics:
Probability of Profit: 55%
Max Profit: 221/contract
Max Loss/Buying Power Effect: 179/contract
Break Evens: 208.21
Notes: I'll look to take this off at 50% max profit ... .
Metrics:
Probability of Profit: 55%
Max Profit: 221/contract
Max Loss/Buying Power Effect: 179/contract
Break Evens: 208.21
Notes: I'll look to take this off at 50% max profit ... .
Note
Filled for $181 contract ... . Gosh, I hate paying for stuff up front ... . LolTrade closed manually
Rolled this into a July 8th 199/202 short put vertical for an $185 credit ... . Frankly need the long delta. Matched it up with a July 8th 214/217 short call vertical for a 62/contract credit, resulting in a 199/202/214/217 iron condor ... .
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