3.73Open2.64Pre Close55 Volume79 Open Interest49.00Strike Price13.85KTurnover145.50%IV3.70%PremiumNov 29, 2024Expiry Date1.49Intrinsic Value100Multiplier2DDays to Expiry1.87Extrinsic Value100Contract SizeAmericanOptions Type0.6234Delta0.0634Gamma15.88Leverage Ratio-0.5293Theta0.0019Rho9.90Eff Leverage0.0156Vega
Stevie B : Futures roll decay, volitility decay and daily balancing crush this etf. CBOE know this that's why the puts are so expensive. The way to profit off boil is with credit spreads.
Stevie B : Call Credit Spreads that is.
The Doctor OP : Thank for your insight…..yes this make sense.
Stevie B : wait for a pop than do spread. yesterday morning I did December 20 expiration sold 65 bought 70 for $75 credit. I can already buy it back for $50. 4% return. Or roll it down for more credit or wait.
Stevie B : if it breaks $60 I can always roll forward
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