... for a 2.35 credit.

Comments: And here's my "clean" XBI setup after having scratched out my previous position. High IVR/high IV at 61/41. Selling around the 16 delta on both sides. 2.35 on buying power of 9.05 (on margin); 26.0% ROC as a function of buying power effect; 13.0% at 50% max.
Beyond Technical AnalysisoptionstrategiespremiumsellingshortstrangleXBI

Penafian