Opening (IRA): XBI May 16th -91C/October 17th 60C LCD*

30
... for a 26.56 debit.

Comments: Back in to XBI on weakness, buying the back month 90 delta and selling the front month that pays for all of the extrinsic in the long. (The back month 60C is shown at the 80 so that it fits on the chart).

Metrics:

Buying Power Effect: 26.56
Break Even: 86.56
Max Profit: 4.44
ROC at Max: 16.72%
50% Max: 2.22
ROC at 50% Max: 8.36%

Will generally look to take profit on the setup as a unit at 50% max, roll out the short call at 50% max to reduce my downside break even.

* -- Long call diagonal.
Nota
Rolling the -91C down to the -87C for a .64 credit; 25.92 debit cost basis; 85.92 break even.
Trade chiuso manualmente
The very ... last ... Friday ... loser: Closed for a 17.90 credit; 8.02 loser. (Whew).

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