Going out to April for my core index exchange-traded fund position, since volatility "locally" (<45 DTE) blows here. Very close to getting 1/3rd the width of the wings; it'll have to do ... .
Metrics:
Probability of Profit: 54% Max Profit: 92/contract Max Loss/Buying Power Effect: 208/contract Break Evens: 211.08/235.92 Theta: .67/contract Delta: -5.34/contract
Notes: Here, I'm setting up my short options at the 20 delta strike, and the long options three strikes out from those. Looking to manage at 50% max profit.
Comment
Did not get filled and didn't have time to chase. Will try again tomorrow when I've got time to watch, adjust strikes, etc.
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