... for a 7.00 credit.
Comments: IV remains high here at 112.4%. Going "double double" (put spread half the width of the call spread, but 2 x the number of contracts) to accommodate skew. Earnings are on 2/4, so will probably want to get out before then.
Metrics:
Max Profit: 7.00
Buying Power Effect: 23.00
ROC at Max: 30.43%
50% Max: 3.50
ROC at 50% Max: 15.22%
Will generally look to take profit at 50% max, roll in untested side on side test to about half the delta of the tested side. Given earnings on the horizon, will naturally just money/take/run for less if presented with the opportunity.
Comments: IV remains high here at 112.4%. Going "double double" (put spread half the width of the call spread, but 2 x the number of contracts) to accommodate skew. Earnings are on 2/4, so will probably want to get out before then.
Metrics:
Max Profit: 7.00
Buying Power Effect: 23.00
ROC at Max: 30.43%
50% Max: 3.50
ROC at 50% Max: 15.22%
Will generally look to take profit at 50% max, roll in untested side on side test to about half the delta of the tested side. Given earnings on the horizon, will naturally just money/take/run for less if presented with the opportunity.
Trade closed manually
Money, take, runnnnnnn. Closing here for a 6.50 debit; .50 ($50) profit.
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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.