Trade Setup:
-1 XLE Apr 21 65/69.5/69.5/74 Iron Fly @ $2.33
DTE: 30
Max Win: $233
Max Loss: $217
Breakevens: $67.17 & $71.83
Trade Management: 25% profit; Full loser, possibly roll the ITM side out in time if my bias is the same near expiration.
Green is profit zone; vertical black bar is expiration.
-1 XLE Apr 21 65/69.5/69.5/74 Iron Fly @ $2.33
DTE: 30
Max Win: $233
Max Loss: $217
Breakevens: $67.17 & $71.83
Trade Management: 25% profit; Full loser, possibly roll the ITM side out in time if my bias is the same near expiration.
Green is profit zone; vertical black bar is expiration.