View: 790E535D-535D-41BF-A0EF-95DB807F1718.png


Modified diagonal, increases with increasing volatility (IV percentile of 5). Attenuated time decay


The DirectorThe Director
Max loss if out by 10/17, $500, max gain about $1000 but probably a little more due to spike in vol 10/7/17
The DirectorThe Director
If price approaches $29 also should exit trade 10/7/17