... for a 3.00 credit.
I'm not seeing much else in the markets that meet my refined sense of pickiness, so putting on some VIX fly here using the June VIX futures price (14.73 at the time of this writing) to tell me where to sell the short straddle body of this setup.
Metrics:
Max Profit: $300/contract
Max Loss: $200/contract
Break Evens: 12.0/18.0
Theta: 1.39
Delta: 18.16
Notes: Like a short straddle, I'll shoot to take this off at 25% max.
I'm not seeing much else in the markets that meet my refined sense of pickiness, so putting on some VIX fly here using the June VIX futures price (14.73 at the time of this writing) to tell me where to sell the short straddle body of this setup.
Metrics:
Max Profit: $300/contract
Max Loss: $200/contract
Break Evens: 12.0/18.0
Theta: 1.39
Delta: 18.16
Notes: Like a short straddle, I'll shoot to take this off at 25% max.
Comment:
Covering the 15 short call for a .05 db; allowing the remainder to go to a.m. settlement.