... for a 1.04/contract credit.
Metrics:
Max Profit: $104/contract
Max Loss: $196/contract
Break Evens: 155.96/180.04
Delta: -1.57
Theta: 1.35
Notes: Layering on in the January cycle (See Post Below for "the first layer."). I'll treat the position as a single setup for take profit purposes and mix and match profitable put side with profitable call side to take profit as we move into opex. Position scratch point is 2.21.
Metrics:
Max Profit: $104/contract
Max Loss: $196/contract
Break Evens: 155.96/180.04
Delta: -1.57
Theta: 1.35
Notes: Layering on in the January cycle (See Post Below for "the first layer."). I'll treat the position as a single setup for take profit purposes and mix and match profitable put side with profitable call side to take profit as we move into opex. Position scratch point is 2.21.