Strategy: Short 1 Put
Expiration: 18 SEP 26 (29 DTE)
Strike Price: 65
My Execution Fill: $2.00
๐ Quantitative Metrics at Entry
Delta (ฮ): 0.27
Implied Volatility (IV): 52%
IV Rank (IVR): 43
Probability of Profit (POP): ~74%
๐ ๏ธ Structural Management Targets
Profit Objective: 50% of max premium
Defensive Plan: If the underlying breaches the 65 strike, our rule dictates rolling out in duration to the next liquid cycle for a net credit, or cutting the position if tail-risk thresholds are exceeded.