NaughtyPines

OPENING: X APRIL 17TH 14 SHORT CALL

NYSE:X   United States Steel Corporation
... for a .37 credit. Scratch at 7.43; delta/theta 48.52/1.07, extrinsic of .81, cost basis of 14.57 if assigned on the 22 short put.

Notes: A continuation of a trade (See Post Below) I've been working to get into a state where I'm not hugely underwater from a cost basis standpoint if I get assigned on the 22 short put, which is the most likely outcome of this. Naturally, if I can exit profitably before assignment, I'll do that.
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