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Benji

SPY Synthetic Strangle

SPDR S&P 500 ETF TRUST (AMEX:SPY)  
Benji  
AMEX:SPY   SPDR S&P 500 ETF TRUST
SPDR S&P 500 ETF (SPY) optionstrading strangle
5
0
spy optionstrading strangle
Trade Setup:
-1 SPY May 19 225/235/236/245 Synthetic Strangle @ $5.51

DTE: 56
Max Win: $551
Max Loss: $449
Breakevens: $229.49 & $241.51

Trade Management: 25% winner; full loser. Will take off a side if nearly worthless; Will roll put out if ITM at expiration.

Green is profit zone; Vertical black bar is expiration.
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