Max Profit: 305/contract Max Loss: Undefined: 848/contract on margin Break Evens: 38.95/45.05 Delta: -6.55 Theta: 3.31
Notes: Admittedly, the implied volatility rank and implied volatility metrics here aren't great (11 and 25, respectively) but the credit collected as a function of the buying power effect is decent (36%). As with the previous XOP short straddle cycle (see Post Below), I'll look to take profit quickly ... .
Trade closed manually
Covering here shortly before the bell for 2.86/contract (6.2% max) for a quickee dirtee inzee outzee.
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