High implied volatility rank plus high implied volatility equals good premium selling ... .
RIG April 15th 9/14 short strangle
Probability of Profit: 66%
Max Profit: .93/contract ($93/contract)
Buying Power Effect: Undefined
Break Evens: 8.07/14.93
Notes: Ridiculously good premium for such a low priced underlying.
RIG April 15th 9/14 short strangle
Probability of Profit: 66%
Max Profit: .93/contract ($93/contract)
Buying Power Effect: Undefined
Break Evens: 8.07/14.93
Notes: Ridiculously good premium for such a low priced underlying.
