NaughtyPines

TRADE IDEA: GDX JUNE 17TH 21.5/29 SHORT STRANGLE

AMEX:GDX   VANECK VECTORS GOLD MINERS ETF
There is simply not much high quality premium to sell out there; this is one of them (>70 implied volatility rank; >50 implied volatility ).

Metrics:

Probability of Profit: 69%
P50: 79%
Max Profit: $109/contract
Max Loss/Buying Power Effect: Undefined/~$255/contract
Breakevens: 20.41/30.09
Theta: 3.13/contract
Delta: -8.87/contract

Notes: I'm looking to take this off at 50% max if I get filled.
Comment: Chased price a touch. Filled for $106/contract. Placed a GTC order to take profit at 50% max.
Trade closed manually: Covered for a $56 debit, so net profit of $50/contract.
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out