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NaughtyPines

OPENING: XBI FEB 15TH 53/62/62/71 IRON FLY

SPDR Series Trust SPDR S&P Biotech ETF (AMEX:XBI)  
NaughtyPines Updated   
AMEX:XBI   SPDR Series Trust SPDR S&P Biotech ETF
XBI ironfly optionsstrategy
8
0
xbi ironfly optionsstrategy
... for a 5.29 credit. IVR isn't as high as I'd like it (>70% over the preceding six months), but I'll take it ... .

Metrics:

Max Profit: $529
Max Loss: $371/contract
Break Evens: 56.61/67.29

Notes: As will all flies, will look to take profit at 25% max.
Comment:
Covering here for a 4.81 debit; $48 gross profit; $36 after fees/comms.
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