NaughtyPines

Opening (Margin): SMH October 21st 205/260 Short Strangle

NASDAQ:SMH   VanEck Semiconductor ETF
... for a 7.35 credit.

Comments: 30-day IV still a smidge above 35% with IVR at mid-range (46.9th percentile). Selling around the 20 delta on both sides. 7.35 credit on buying power effect of 23.20; 31.7% ROC as a function of buying power effect; 15.8% at 50% max. Delta/theta -.3/15.55.
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