Max Loss/Buying Power Effect: Undefined/6.94
Max Profit: 2.44
Break Evens: 31.56/36.44
Notes: Going where the is at (again) in exchange-traded funds to sell a little August cycle premium while I wait for the September monthly to be more in that 45 days until expiration sweet spot. Recently, I've been taking profit in these short straddles fairly quickly (10% max) and then reselling at-the-money, but doing that here (and probably after this point) admittedly presents a marginal trade (10% max of 2.44 is .24).