Strategy: Short 1 Put
Expiration: 16 OCT 26 (37 DTE)
Strike Price: 35
My Execution Fill: $2.18
๐ Quantitative Metrics at Entry
Delta (ฮ): 0.37
Implied Volatility (IV): 65%
IV Rank (IVR): 24
Probability of Profit (POP): 65%
๐ ๏ธ Structural Management Targets
Profit Objective: 50% of max premium
Defensive Plan: If the underlying breaches the 35 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.