Selling on strength here ... .
March 18th 115/118 short call vertical
Probability of Profit %: 78%
Max Profit: .41/$41 contract
Buying Power Effect: $259/contract
Notes: I already have a GLD iron condor on, so I couldn't get the exact strikes I wanted (since I already have a 111/114 call vertical in GLD in the same expiration), so you could probably go with a more aggressive spread (e.g., 114/117). But the spread I filled is in one of the general strength areas I wanted to sell into ... .
March 18th 115/118 short call vertical
Probability of Profit %: 78%
Max Profit: .41/$41 contract
Buying Power Effect: $259/contract
Notes: I already have a GLD iron condor on, so I couldn't get the exact strikes I wanted (since I already have a 111/114 call vertical in GLD in the same expiration), so you could probably go with a more aggressive spread (e.g., 114/117). But the spread I filled is in one of the general strength areas I wanted to sell into ... .
