Short 1/31 8500 Call
+.25 Delta
+.0280 Credit
Short 1/31 6000 Put
-.20 Delta
+.0265 Credit
Margin Requirement: .2 BTC
Credit Received: .0545 BTC
Profit Target: .02725 BTC
Expected Move: +/- $1200
End up with a slightly short portfolio delta, essentially delta neutral.
Generate over $10 daily positive theta.
Look to close at 50% max profit (credit received).
Manage at 21 DTE.
+.25 Delta
+.0280 Credit
Short 1/31 6000 Put
-.20 Delta
+.0265 Credit
Margin Requirement: .2 BTC
Credit Received: .0545 BTC
Profit Target: .02725 BTC
Expected Move: +/- $1200
End up with a slightly short portfolio delta, essentially delta neutral.
Generate over $10 daily positive theta.
Look to close at 50% max profit (credit received).
Manage at 21 DTE.
Trade closed: target reached:
Buy back 6000P for 0.010
Buy back 8500C for 0.016
Net profit: 0.0285 for 52.3% max profit and 14.25% ROC
Considering rolling out to FEB but with vol so low and potential upside catalyst with halving, the juice might not be worth the squeeze.
Buy back 8500C for 0.016
Net profit: 0.0285 for 52.3% max profit and 14.25% ROC
Considering rolling out to FEB but with vol so low and potential upside catalyst with halving, the juice might not be worth the squeeze.