... for a 1.07 per contract.
Metrics:
Probability of Profit: 64%
Max Profit: $107/contract
Max Loss/Buying Power Effect: 10.94/~2.00 on margin
Break Even/Cost Basis in Shares if Assigned: 10.94/share (a 12.13% discount over current spot).
Theta: 1.28
Delta: 39.24
Notes: "Wheeling" this small high implied vol underlying, with the basic cycle being short put, run to expiry, cover if assigned, exit profitably, lather, rinse, repeat ... .
Metrics:
Probability of Profit: 64%
Max Profit: $107/contract
Max Loss/Buying Power Effect: 10.94/~2.00 on margin
Break Even/Cost Basis in Shares if Assigned: 10.94/share (a 12.13% discount over current spot).
Theta: 1.28
Delta: 39.24
Notes: "Wheeling" this small high implied vol underlying, with the basic cycle being short put, run to expiry, cover if assigned, exit profitably, lather, rinse, repeat ... .
Trade closed manually
Covering here for a .79/contract debit (26% max) with 45 DTE. When you get >25% of max with that much time left, I say, "money, take, run ... ."
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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.