... for a 1.70 credit.
Comments: I think I have more than enough long delta on at the moment, so opting to go nondirectional/delta neutral here. Selling the 25's and buying the wings out from there, collecting one-third the width of the wings in credit.
Metrics:
Buying Power Effect: 3.30
Max Profit: 1.70
ROC at Max: 51.5%
50% Max: .85
ROC at 50% Max: 25.8%
Will generally look to take profit at 50% max, roll in oppositional side on side test.
Comments: I think I have more than enough long delta on at the moment, so opting to go nondirectional/delta neutral here. Selling the 25's and buying the wings out from there, collecting one-third the width of the wings in credit.
Metrics:
Buying Power Effect: 3.30
Max Profit: 1.70
ROC at Max: 51.5%
50% Max: .85
ROC at 50% Max: 25.8%
Will generally look to take profit at 50% max, roll in oppositional side on side test.
Note
Reducing long delta ... . Rolling the 220/225 down to the 212/217 for a .51 credit; 2.21 credits collected.Note
Rolling down the 212/217 to the 201/206 for an .87 credit; 3.07 net credits collected.Trade closed manually
Going flat equities until this market sorts itself out ... . Closed for a 4.04 debit; .97 loss.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.