Strategy: Short 1 Put
Expiration: 16 OCT 26 (56 DTE)
Strike Price: 210
My Execution Fill: 4.80
๐ Quantitative Metrics at Entry
Delta (ฮ): 0.14
Implied Volatility (IV): 56%
IV Rank (IVR): 24
Probability of Profit (POP): ~83%
๐ ๏ธ Structural Management Targets
Profit Objective: 50% of max premium
Defensive Plan: If the underlying breaches the 210 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.