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NaughtyPines
Dec 12, 2016 4:08 PM

OPENING: XBI JAN 20TH 51.67/61/61/70 IRON FLY 

SPDR Series Trust SPDR S&P Biotech ETFArca

Description

There isn't much premium out there to be sold in index or sector exchange traded funds, but this is one of them ... .

Metrics:

Probability of Profit: 46%
Max Profit: 518/contract
Max Loss: 415/contract
Break Evens: 55.82/66.18

Notes: I'll shoot to take profit at 25% of max ... .

Trade closed manually

Bought to close this today for a 4.35 db. $67 net profit after fees/comms. Figured I'd money/take/run with 30 DTE and after having the setup on for only 9 days.
Comments
NaughtyPines
Filled for 5.13. (And yes, that 51 2/3rd's strike is an actual, nonstandard strike ... ).
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