This idea is a little out of the norm for me. I generally stick to broad market, but from time to time I play sectors.
Credit Received: 0.36 or $36 / contract
Strikes: Short 73 Long 70
Max Loss: 300-36 = $264 per contract
Short Leg Delta: 30 Delta (more on this below)
Trade Reasoning:
1. Market is being beat up by both the Ukraine - Russia situation and...