TRADE IDEA: XOP APRIL 22ND 24/33 SHORT STRANGLE

Gotsta go where the volatility takes you when premium selling, and it's still in oil and gas ... .

Here are the metrics for the setup:

XOP April 22nd 24/33 short strangle
Probability of Profit: 70%
Max Profit: $107/contract
Buying Power Effect: Undefined
Break Evens: 22.93/34.07

Comment:

Filled for a 1.05 credit.