Trade Setup:
-1 SPY May 19 225/235/236/245 Synthetic Strangle @ $5.51
DTE: 56
Max Win: $551
Max Loss: $449
Breakevens: $229.49 & $241.51
Trade Management: 25% winner; full loser. Will take off a side if nearly worthless; Will roll put out if ITM at expiration.
Green is profit zone; Vertical black bar is expiration.
-1 SPY May 19 225/235/236/245 Synthetic Strangle @ $5.51
DTE: 56
Max Win: $551
Max Loss: $449
Breakevens: $229.49 & $241.51
Trade Management: 25% winner; full loser. Will take off a side if nearly worthless; Will roll put out if ITM at expiration.
Green is profit zone; Vertical black bar is expiration.