... for a .52/contract credit.
Just adding a little long delta to my core SPY position, with the short put at the 30 delta strike.
Metrics:
Probability of Profit: 69%
Max Profit: $52/contract
Max Loss/Buying Power Effect: $248/contract
Theta: .19
Delta: 6.26
Notes: I'm adding in a touch of long delta to my core June SPY position. However, the metrics would be okay as a standalone trade if you were neutral to bullish SPY above 228.
Just adding a little long delta to my core SPY position, with the short put at the 30 delta strike.
Metrics:
Probability of Profit: 69%
Max Profit: $52/contract
Max Loss/Buying Power Effect: $248/contract
Theta: .19
Delta: 6.26
Notes: I'm adding in a touch of long delta to my core June SPY position. However, the metrics would be okay as a standalone trade if you were neutral to bullish SPY above 228.
