NaughtyPines

Opening: XLY March 18th 153/195 Short Strangle

AMEX:XLY   SPDR Select Sector Fund - Consumer Discretionary
... for a 4.02 credit.

Comments: At the top of my exchange-traded fund list for implied volatility rank at 92 with a 39-day of 39.8%. Selling the 17's on both sides. 4.02 credit on buying power effect of 17.73; 22.7% ROC at max; 11.3% at 50% max.
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