OPENING: XBI MARCH 20TH 80/105 SHORT STRANGLE... for a 1.75 credit; delta .60/theta 3.57.
Notes: Selling the 15's with the intent to add to delta balance if necessary. Since this is shorter duration than some of my other broad market or exchange-traded fund stuff, I may go for the full 50% max, but will see how it goes. I would note that this is generally less liquid than I like to see (.20 wide markets).
