3/3/2020

COP

Strangle

Credit Received:

$136

Expiration:

4/17

Probability of Profit:

78%

Stock Price:

$47.84

IV Rank at Open:

87.8

Implied Volatility:

47.6%

Strikes:

55 Call

39 Put

Probability of 50%:

84

Buying Power Reduction:

600

Adjusted

Adjustment Date:

3/9

Adjustment Expiration:

4/17

Adjustment Credit:

$421

Strikes:

+55 Call

-34 Call