TRADE IDEA: XOP MARCH 17TH 36/40/40/44 IRON FLY
Updated
Looking for petro to zombie about in here in the short term ... . Implied volatility rank isn't as high as I'd like it, but background vol is one of the higher ones out there for exchange traded funds.
Metrics:
Max Profit: 242/contract
Max Loss: 158/contract
Break Evens: 37.58/42.42
Notes: Will look to manage at north of 25% max profit.
Metrics:
Max Profit: 242/contract
Max Loss: 158/contract
Break Evens: 37.58/42.42
Notes: Will look to manage at north of 25% max profit.
Note
Slightly less sexy at open: filled for 2.36.Trade closed manually
Covering here for a 2.03 db; in for 2.36, out for 2.03; .33 ($33) gross profit/contract.
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