... for a 3.83 credit.
Comments: Targeting the <16 delta strike in the shortest duration paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. If I were a patient guy, I'd probably wait for weakness/higher IV or sell premium in something else, since neither IVR nor IV is fabulous here -- IVR is 0 with 30-day IV at 17.1%.
Comments: Targeting the <16 delta strike in the shortest duration paying around 1% of the strike price in credit to emulate dollar cost averaging into the broad market. If I were a patient guy, I'd probably wait for weakness/higher IV or sell premium in something else, since neither IVR nor IV is fabulous here -- IVR is 0 with 30-day IV at 17.1%.
Trade closed: target reached
Hit 50% max today. In for 3.83; out for 1.91. 1.92 ($192) profit.
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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.