Strategy: Short 1 Put
Expiration: 23 OCT 26 (31 DTE)
Strike Price: 106โ00
My Execution Fill: 0โ35 ($546.88 gross premium collected)
๐ Quantitative Metrics at Entry
Delta (ฮ): 0.27
Implied Volatility (IV): 9.85%
IV Rank (IVR): 27%
Probability of Profit (POP): ~80%
๐ ๏ธ Structural Management Targets
Profit Objective: 50% of max premium
Defensive Plan: If the underlying breaches the 106โ00 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.