Strangle - MP Long

MP Materials Corp.NYSE

Description

⋅ Mar 31, 2021 8:20 AM

Sold a Put option at 30 and sold a Call option at 50, with high IV rank of 37.

This is a bullish play, so the delta is 10. Pretty much have I have 10 shares of the S&P 500.

Hopefully it goes up and pass my Put strike.

Trend Analysis