Strategy: Short 1 Put
Expiration: 16 OCT 26 (42 DTE)
Strike Price: 150
My Execution Fill: $3.85
๐ Quantitative Metrics at Entry
Delta (ฮ): 0.20
Implied Volatility (IV): 49%
IV Rank (IVR): 34
Probability of Profit (POP): ~78%
๐ ๏ธ Structural Management Targets
Profit Objective: 50% of max premium
Defensive Plan: If the underlying breaches the 150 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.