... for a 2.21 credit.
Metrics:
Max Profit: $221/contract
50 Max: $110/contract
Max Loss/Buying Power Effect: $1279/contract
ROC: 17.3% at Max/8.6% at 50 Max
Break Evens: 1342.79/1687.21
Delta/Theta: -1.31/3.07
Notes: A small, defined, high POP%-age engagement trade. This particular trade isn't very "tasty," since it goes out beyond that 45 days 'til expiry wheelhouse, sells strikes that are farther out of the money (the 10 deltas), doesn't collect nearly one-third the width of the strikes on fill, and isn't put on in an "ideal" premium selling environment. The trade-offs of doing things this way is a higher probability of profit (this one's around 74%), more room to be wrong relative to current price, and a slightly higher implied volatility metric in the back month relative to shorter duration.
I'm choosing RUT here over SPX, NDX, and IWM due to better liquidity relative to the other indices, as well as the lack of assignment risk versus IWM.
Will look to take profit at 50% max and manage intratrade on side test and/or side approaching worthless.
Metrics:
Max Profit: $221/contract
50 Max: $110/contract
Max Loss/Buying Power Effect: $1279/contract
ROC: 17.3% at Max/8.6% at 50 Max
Break Evens: 1342.79/1687.21
Delta/Theta: -1.31/3.07
Notes: A small, defined, high POP%-age engagement trade. This particular trade isn't very "tasty," since it goes out beyond that 45 days 'til expiry wheelhouse, sells strikes that are farther out of the money (the 10 deltas), doesn't collect nearly one-third the width of the strikes on fill, and isn't put on in an "ideal" premium selling environment. The trade-offs of doing things this way is a higher probability of profit (this one's around 74%), more room to be wrong relative to current price, and a slightly higher implied volatility metric in the back month relative to shorter duration.
I'm choosing RUT here over SPX, NDX, and IWM due to better liquidity relative to the other indices, as well as the lack of assignment risk versus IWM.
Will look to take profit at 50% max and manage intratrade on side test and/or side approaching worthless.
注释
A small, afterthought: One thing you'll notice with this setup relative to the exact same setup in the Sept cycle is that it's conceivable that it could reach 50% max one-third of the way through the cycle as opposed to half way through, which is what one ordinarily expects: a Sept setup with the exact same strikes prices out at 1.05.交易开始
Small adjustment early in the cycle: rolling the 1335/1350 to the 1370/1385 short put vertical (short leg at the 10 delta) intraexpiry for a realized gain and a .26 credit. Revising take profit from the original 1.11 to 1.37 (1.11 + .26 = 1.37).交易开始
Rolling the call side down to the 10 delta short leg -- to the 1630/1645 for a .98 credit. Scratch at 3.45.交易手动结束
Out for 3.07 here, a small winner (.38/$38 contract).
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。