... for a 49.75 credit.
Comments: Selling the 16 delta on both sides for my first trade of the year.
Although this routed for 49.75, the max profit on this is actually 1/20th of that or 2.4875 ($248.75) on buying power effect of around 7.05 ($705). 35.3% ROC at max; 17.6% at 50% max. Will look to roll in untested side to adjust delta.
Comments: Selling the 16 delta on both sides for my first trade of the year.
Although this routed for 49.75, the max profit on this is actually 1/20th of that or 2.4875 ($248.75) on buying power effect of around 7.05 ($705). 35.3% ROC at max; 17.6% at 50% max. Will look to roll in untested side to adjust delta.