XRT Iron Fly
Updated
Still looking for any IV in the market - XRT had a 35 IVP, so I thought I would put something small on. Focused on minimal BP exposure during these tough times in IV, but I have to keep a decent # of occurrences up regardless.
Trade Setup:
- 1 XRT Mar 17 42/44/44/46 Ironfly @ $1.34
DTE: 30
Max Win: $134
Max Loss: $66
Breakevens: 42.66 and 45.34
Trade Management: Look to take around 25% or $35 in the trade; Full loser on the trade or I may roll out the ITM/tested side if on the dance floor near exp.
Green is profit zone; Vertical black bar is expiration.
Trade Setup:
- 1 XRT Mar 17 42/44/44/46 Ironfly @ $1.34
DTE: 30
Max Win: $134
Max Loss: $66
Breakevens: 42.66 and 45.34
Trade Management: Look to take around 25% or $35 in the trade; Full loser on the trade or I may roll out the ITM/tested side if on the dance floor near exp.
Green is profit zone; Vertical black bar is expiration.
Trade closed manually
Closed this trade at $1.52 for a $17 loss. Looking to roll this position forward and will link the new Apr position to this idea.
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