Trying to gain some exposure here to banks.
Sold -1 Sep21 $60/66 strangle for $1.67.
Breakevens are at $58.33 & $67.67. I'll look to manage at 50% or deal with any troubles as they come.
Sold -1 Sep21 $60/66 strangle for $1.67.
Breakevens are at $58.33 & $67.67. I'll look to manage at 50% or deal with any troubles as they come.
Trade closed manually:
KRE's IV has dropped considerably to 90 day lows. It was sitting at 35% max profit, with >50 days to go yet. I decided to take off the risk here for $1.11 db. $56 winner.