Metrics:
Rank/Implied: 9/96
Short Straddle Price/Stock Price Ratio: .257/25.7%
Max Profit: 1.70 ($170)/contract; .85 ($85) profit at 50% max
Max Loss: Undefined
Break Evens: 23.30 on the put side (2 times the expected); 51.70 on the call (>2 times the expected)
Delta/Theta: -1.67/5.90
Defined Risk Alternatives:
September 18th 20/25/50/55 iron condor, paying 1.03 (.51/$51 profit at 50% max), with break evens at 23.97/51.03, nearly 2 times the expected on the put side, > 2 times the expected on the call.
September 18th 20/35/35/50 iron fly, paying 7.73 (1.93/$193 profit at 25% max), with expected move break evens at 27.27/42.73.
Comments: High background implied at 96 with the at-the-money short straddle paying 25.7% of the stock price. Announces Friday before market open, so look to put on a play in the waning hours of Thursday's session.
Rank/Implied: 9/96
Short Straddle Price/Stock Price Ratio: .257/25.7%
Max Profit: 1.70 ($170)/contract; .85 ($85) profit at 50% max
Max Loss: Undefined
Break Evens: 23.30 on the put side (2 times the expected); 51.70 on the call (>2 times the expected)
Delta/Theta: -1.67/5.90
Defined Risk Alternatives:
September 18th 20/25/50/55 iron condor, paying 1.03 (.51/$51 profit at 50% max), with break evens at 23.97/51.03, nearly 2 times the expected on the put side, > 2 times the expected on the call.
September 18th 20/35/35/50 iron fly, paying 7.73 (1.93/$193 profit at 25% max), with expected move break evens at 27.27/42.73.
Comments: High background implied at 96 with the at-the-money short straddle paying 25.7% of the stock price. Announces Friday before market open, so look to put on a play in the waning hours of Thursday's session.
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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.