OPENING: XOP DEC 21ST 32/35/41/45 IRON CONDOR

59
... for a 1.10/contract credit.

Metrics:

Max Profit: 1.10 ($110)/contract
Max Loss/Buying Power Effect: 1.90 ($190)/contract
Break Evens: 33.90/42.10
Delta: -1.25
Theta: 1.08

Notes: Going Plain Jane, delta neutral iron condor (although you can certainly short strangle it, too) in relatively high implied (rank 62/implied 32. Will look to take profit at 50% max.

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