Strategy: Short 1 Put
Expiration: 16 OCT 26 (32 DTE)
Strike Price: 135
My Execution Fill: $4.40
๐ Quantitative Metrics at Entry
Delta (ฮ): 0.31
Implied Volatility (IV): 50%
IV Rank (IVR): 17
Probability of Profit (POP): 71%
๐ ๏ธ Structural Management Targets
Profit Objective: 50% of max premium
Defensive Plan: If the underlying breaches the 135 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.