Comments: High 30-day implied at 45.3%. 2.53 credit on buying power effect of 10.55 (on margin). 24.0% ROC at max; 12.0% ROC at 50% max. Will look to take profit at 50% max; manage sides on approaching worthless/side test.
What are you setting your stop loss percentage at?
NaughtyPines
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@DannyFoss, I don't use stop losses on these setups. Loss mitigation is via side roll or setup roll out for duration. Some like to take profit/loss at 21 days and move on and/or take loss at 2 x credit received.
DannyFoss
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@NaughtyPines, Got it. Thank you sir. I am following the 50 percent profit rule and exit 21 dte after entering approximately 45 dte. It appears my stop losses being set at 25 percent is not ideal. Really appreciate your feedback.