Notes: A risk one to make one stays-within-the-expected move setup betting that treasuries don't move a ton in the next 59 days or so. Since it's "almost a straddle," will look to take profit at 25% max.
Trade closed: target reached
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25% max target hit: In for 5.96, out for 4.47 with 28 days to go; 1.49 ($149) profit/contract.
almost half of duration has passed, how is this one looking? Looks like a winner to me!
NaughtyPines
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@bb_jm, I was going for 25% max (4.47). It looks like it traded for 5.32 at the mid at the close, so hasn't hit my TP yet, but is .64 ($64) green at the moment ... . :-). 2.25 extrinsic left; 28.58/3.84 delta/theta.
@bb_jm, It's gotten closer to TP with today's up move, partly because it was 28.58 long delta to start out the day. It's now 4.66 at the mid with 29 days to go; 15.38/4.99 delta/theta. :-)