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DannyFoss
Jan 10, 2022 7:58 PM

BHP Short strangle $1.00 credit 

BHP Group LimitedNYSE

Description

FEB 18 STO 57.50 P
FEB 18 STO 72.50 C

Pop 75%
Delta 3.82
P50 89%
Theta 3.517
M Profit $100
M Loss infinity
B.P. -$614.40
ROC 16.27%
Comments
NaughtyPines
Hunh. I haven't traded this one before, so had to look up the symbol. As long as your ROC %-age is "decent," it's probably okay, but I kind of have cut-off's for single name: >70% IVR, >50% 30-day, since you kind of want to play these for volatility contraction more than anything else.
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