2/13/2020

DAL

Strangle

Credit Received:

$93

Expiration:

3/20

Probability of Profit:

72%

Stock Price:

$58.69

IV Rank at Open:

64.7

Implied Volatility:

27.7%

Strikes:

62.5 Call

52.5 Put

Probability of 50%:

85

Buying Power Reduction:

775

Adjusted

Adjustment Date:

2/26/2020

Adjustment Expiration:

3/20

Adjustment Credit:

$235

Strikes:

+62.5 Call

-52.5 Call

Adjusted

Adjustment Date:

2/27/2020

Adjustment Expiration:

3/20

Adjustment Credit:

$131

Strikes:

+52.50 Call

-49 Call

Rolled

Rolled Date:

2/28/2020

Rolled Expiration:

4/17

Rolled Credit:

-$365

Strikes:

+49 March Call

+52.5 March Put

-50 April Call

-43 April Put

Adjusted

Adjustment Date:

3/12/2020

Adjustment Expiration:

4/17

Adjustment Credit:

$593

Strikes:

+50 Call

-35 Call