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.