Description
⋅ ... for a 2.24 ($224)/contract credit. (High IVR/High IV; Post Earnings Volatility Contraction Play).
Metrics:
Max Profit: 224/contract
Max Loss/Buying Power Effect: 177/contract
Break Evens: 23.27/27.73
Theta: 6.12
Delta: -4.33
Notes: I'm looking to manage this at 25% max profit.