Opening (IRA): MSTR Dec 20th 75/155 Short Put Vertical
Updated
... for a 5.43 credit.
Comments: High IVR/IV at 61.1/113.9. Doing something a little different here, selling the 10 delta short put and buying a put that cuts BPE in about half over doing a naked. Going low delta because, well, the underlying kind of scares the poo out of me.
Metrics:
Buying Power Effect: 74.57
Max Profit: 5.43
ROC at Max: 7.28%
50% Max: 2.72
ROC at 50% Max: 3.64
Compare:
Dec 20th 155 Short Put (Cash Secured)
BPE: 148.30
Max Profit: 6.65
ROC at Max: 4.48%
Will generally look to take profit at 50% max.
Comments: High IVR/IV at 61.1/113.9. Doing something a little different here, selling the 10 delta short put and buying a put that cuts BPE in about half over doing a naked. Going low delta because, well, the underlying kind of scares the poo out of me.
Metrics:
Buying Power Effect: 74.57
Max Profit: 5.43
ROC at Max: 7.28%
50% Max: 2.72
ROC at 50% Max: 3.64
Compare:
Dec 20th 155 Short Put (Cash Secured)
BPE: 148.30
Max Profit: 6.65
ROC at Max: 4.48%
Will generally look to take profit at 50% max.
Trade closed manually
Another quickee dirtee ... . Closed at the open for a 4.43 debit. 1.00 ($100) profit. Waiting would've netted me quite a bit more. It ended the day at bid 2.63/mid 2.98/ask 3.33.
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