... for a 1.37/contract credit.
Comments: Selling 10 delta on each side. 1.37 credit on buying power effect of around 3.54/contract. 38.7% ROC at max as a function of buying power effect; 19.4% at 50% max. Will generally leave the setup alone, adjusting only on side test or side approaching worthless. While I like to generally hang out for 50% max, I won't hesitate to money, take, run if I get tired of looking at the setup (lol), particularly since I've gone longer-dated than usual here (77 days 'til expiry).
Comments: Selling 10 delta on each side. 1.37 credit on buying power effect of around 3.54/contract. 38.7% ROC at max as a function of buying power effect; 19.4% at 50% max. Will generally leave the setup alone, adjusting only on side test or side approaching worthless. While I like to generally hang out for 50% max, I won't hesitate to money, take, run if I get tired of looking at the setup (lol), particularly since I've gone longer-dated than usual here (77 days 'til expiry).
Trade active
Rolling the 3 delta June 14th 55 puts up to the 10 delta June 14th 67's for a .51/contract credit. Total credits collected of 1.88/contract.Note
Out of 1/3rd of the position for a 1.38/contract debit. .50 net profit/contract.Trade closed manually
Out of the remainder for a 1.32/contract debit; .56 net profit/contract.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.