Description
⋅ ,,, for a 1.06/contract credit.
Metrics:
Max Profit: 106/contract
Max Loss/Buying Power Effect: 194/contract
Break Evens: 152.95/182.05
Delta: -2.43
Theta: 1.19
Notes: Shorting premium in the highest implied volatility exchange traded fund out of the majors (SPY, IWM, QQQ, DIA).