... for a 10.20 credit.
Comments: High IVR/IV >21. Hesitant to add more long delta here, so going delta neutral in SPX and structuring the trade such that I receive one-third the width of the wings (30) in credit.
Metrics:
Buying Power Effect: 19.80
Max Profit: 10.20
ROC at Max: 51.52%
50% Max: 5.10
ROC at 50% Max: 25.8%
Will generally look to take profit at 50% max, rolling down oppositional side on side test, but won't hesitate to take profit quickly if IV crushes in dramatically post "Liberation Day."
Comments: High IVR/IV >21. Hesitant to add more long delta here, so going delta neutral in SPX and structuring the trade such that I receive one-third the width of the wings (30) in credit.
Metrics:
Buying Power Effect: 19.80
Max Profit: 10.20
ROC at Max: 51.52%
50% Max: 5.10
ROC at 50% Max: 25.8%
Will generally look to take profit at 50% max, rolling down oppositional side on side test, but won't hesitate to take profit quickly if IV crushes in dramatically post "Liberation Day."
Trade closed manually
Closed for a 9.65 debit; .55 ($55) profit. 
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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.