30 Delta Strangle on XRT

Diupdate
I always look to have a trades on the most liquid ETF's and I just closed a Straddle on XRT so is time to redeploy with 45 days to expiration. IV rank is at 37. Sold the 40/43 Strangle on XRT for $1.02 per contract (30 Delta).


61% probability of profit
Credit = $1.02
My break evens are below 38.98 and above 44.02
Will look to close at 50% of the credit received.
Trade aktif
Our Call side is being tested and IVR is still decent at 39. If we get a close above the 20 EMA then I will roll the untested side.

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Trading ditutup secara manual
With 17 days to go, I am up 40% of the credit received so that's pretty decent. The original target was 50%, but since IV rank is at 40, I will redeploy in the next cycle and recenter.
neutralstrangleXRT

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