I'm continuing to layer on setups both over expirations and in the March 18th expiry.
Here's one for the March 11th:
SPY 175/178/200/203
Probability of Profit %: 63%
Max Profit: .98/$98/contract
Buying Power Effect: $202/contract
This will be the last setup I put on in SPY between here and the March 18th expiry, except for minor tweaks here and there to balance delta and to keep the body of setups -- as a unit -- fairly neutral. (See Options Tip: Managing Multiple, Single Instrument Setups).
Here's one for the March 11th:
SPY 175/178/200/203
Probability of Profit %: 63%
Max Profit: .98/$98/contract
Buying Power Effect: $202/contract
This will be the last setup I put on in SPY between here and the March 18th expiry, except for minor tweaks here and there to balance delta and to keep the body of setups -- as a unit -- fairly neutral. (See Options Tip: Managing Multiple, Single Instrument Setups).
