Max Profit: 289/contract Max Loss: 111/contract Break Even: 282.89 (no downside risk) Delta: -6.75 Theta: .41
Notes: Taking a small directional shot at/near horizontal resistance with a risk 1 to make greater than 2 setup ... . Will start to look to take profit at 25% max (.73/$73).
Trade active
At this point, will look to take profit on the long call vert aspect (the 278/280) near max, so entered a GTC order to pull that off for 1.95 (max is 2.00). Will roll the short call vert aspect (280/284) out should we see a break of 284, which is looking unlikely at this point.
Trade active
Taking the loss on this one at near max and moving on to avoid assignment risk. Covered for a 1.88 debit, a .99 loser.
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