XLK Synthetic Straddle

Trade Setup:
- 1 XLK May 19 45/53/53/57 Synthetic Straddle @ 1.97.

DTE: 57
Max Win: $197
Max Loss: $603 (theoretically), but will manage at 2x credit, so ~$200.
Breakevens: $51.03 & $54.97

Trade Management: 25% profit; WIll risk full loser to upside and only 2x credit received to downside. I often will take off one of the sides when it becomes nearly worthless to reduce risk one of the directions.

Green is profit zone; Vertical black bar is expiration.