Max Profit: 165/contract Max Loss: 135/contract Break Even: 21.35 Delta/Theta: 21.16/.55
Notes: I don't take long vol product positions very often, particularly those subject to contango erosion and/or beta slippage, but with the market at ATH's and the VIX at lows, taking a small shot here with better than risk one to make one metrics ... . It'll be a money, take, run at 25% max or greater.
Trade active
Probably pulled the trigger on this a little earlier than I should've. Rolling the 23 short call down to the 22 for a .27 credit; scratch at 1.08/break even at 21.08, max profit at .92.
Trade closed manually
Taking this off here on this pop for 1.31. 1.31- 1.08 scratch = .23/$23 winner.
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