Strategy: Short 1 Put
Expiration: 16 OCT 26 (53 DTE)
Strike Price: 120
My Execution Fill: $4.70
๐ Quantitative Metrics at Entry
Delta (ฮ): 0.21
Implied Volatility (IV): 64%
IV Rank (IVR): 64
Probability of Profit (POP): ~74%
๐ ๏ธ Structural Management Targets
Profit Objective: 50% of max premium
Defensive Plan: If the underlying breaches the 120 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.