TRADE IDEA: XOP APRIL 22ND 24/33 SHORT STRANGLE
Updated
Gotsta go where the volatility takes you when premium selling, and it's still in oil and gas ... .
Here are the metrics for the setup:
XOP April 22nd 24/33 short strangle
Probability of Profit: 70%
Max Profit: 107/contract
Buying Power Effect: Undefined
Break Evens: 22.93/34.07
Here are the metrics for the setup:
XOP April 22nd 24/33 short strangle
Probability of Profit: 70%
Max Profit: 107/contract
Buying Power Effect: Undefined
Break Evens: 22.93/34.07
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