There is simply not much high quality premium to sell out there; this is one of them (>70 implied volatility rank; >50 implied volatility).
Metrics:
Probability of Profit: 69%
P50: 79%
Max Profit: $109/contract
Max Loss/Buying Power Effect: Undefined/~$255/contract
Breakevens: 20.41/30.09
Theta: 3.13/contract
Delta: -8.87/contract
Notes: I'm looking to take this off at 50% max if I get filled.
Metrics:
Probability of Profit: 69%
P50: 79%
Max Profit: $109/contract
Max Loss/Buying Power Effect: Undefined/~$255/contract
Breakevens: 20.41/30.09
Theta: 3.13/contract
Delta: -8.87/contract
Notes: I'm looking to take this off at 50% max if I get filled.
Note
Chased price a touch. Filled for $106/contract. Placed a GTC order to take profit at 50% max.Trade closed manually
Covered for a $56 debit, so net profit of $50/contract.
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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.