OPENING: XBI FEB 15TH 53/62/62/71 IRON FLY
... for a 5.29 credit. IVR isn't as high as I'd like it (>70% over the preceding six months), but I'll take it ... .
Metrics:
Max Profit: $529
Max Loss: $371/contract
Break Evens: 56.61/67.29
Notes: As will all flies, will look to take profit at 25% max.
Metrics:
Max Profit: $529
Max Loss: $371/contract
Break Evens: 56.61/67.29
Notes: As will all flies, will look to take profit at 25% max.
Commento:
Covering here for a 4.81 debit; $48 gross profit; $36 after fees/comms.