Opening: RIOT January 19th 8/15/15/22 Iron Fly
... for a 3.60 credit.
Comments: High IV/IVR (115.3%/36.3%). Looking for this to "behave" between the 11.40 and 18.60 break evens for a few weeks ... .
Metrics:
Max Profit: 3.60 ($360)/contract
Profit at 25% Max: .90 ($90)
Buying Power Effect: 3.40 ($340)/contract
ROC as a Function of Buying Power Effect at 25% Max: 26.5%
Break Evens: 11.40/18.60
Delta/Theta: 4.17/2.05
Comments: High IV/IVR (115.3%/36.3%). Looking for this to "behave" between the 11.40 and 18.60 break evens for a few weeks ... .
Metrics:
Max Profit: 3.60 ($360)/contract
Profit at 25% Max: .90 ($90)
Buying Power Effect: 3.40 ($340)/contract
ROC as a Function of Buying Power Effect at 25% Max: 26.5%
Break Evens: 11.40/18.60
Delta/Theta: 4.17/2.05
Trade closed manually:
Global Close: Flattening everything, since I'm in excess of goal for the year. Closed for a 3.28 debit; .32 ($32) winner.