NaughtyPines

Opening: SMH April 14th 210/290 Short Strangle

NASDAQ:SMH   VanEck Semiconductor ETF
... for a 5.90 credit.

Comments: High IVR/high IV (96/48.5). Selling the 15 delta-ish strikes on both sides; 5.90 credit on buying power effect of 25.37 (on margin); 23.3% ROC at max; 11.6% at 50% max.
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