Comments: Buying 2 x the 75 delta puts and selling the 50 delta put strike in the March expiry on strength here to create a synthetic -100 net delta short position with a 151.01 break even in 20+ year paper. Will start to look to take profit at 110% of what I put it on for.
@CountLikeWallStreet, Love them back ratios for directional shots. Wanted to hang out until it hit that horizontal resistance level, but have places to go, leftovers to eat.