Opening: QQQ April 22nd 290/361 Short Strangle

93
... for a 5.85 credit.

Comments: IVR/IV still high here for a broad market instrument at 77.5/35. Selling 15 delta premium on both sides. A 5.85 credit on buying power effect of 36.15; 16.2% ROC at max/8.1% ROC at 50% max. Will generally look to take profit at 50% max, adjust sides to delta balance.

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