2.68Open1.98Pre Close48 Volume150 Open Interest51.00Strike Price11.65KTurnover156.79%IV5.72%PremiumNov 29, 2024Expiry Date0.00Intrinsic Value100Multiplier2DDays to Expiry2.38Extrinsic Value100Contract SizeAmericanOptions Type0.4950Delta0.0618Gamma21.53Leverage Ratio-0.6033Theta0.0015Rho10.66Eff Leverage0.0164Vega
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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