This position is part of the roll I did in part of my smaller XRT Iron Fly. I closed out that position and established this one because we were winding down to expiration (about 2 weeks left) and I needed to do something with it. Off to a negative start for the year in Retail, but not too worried, nonetheless.
Trade Setup:
-1 XRT Apr 21 41/42 Short Put Spread @ $0.35
DTE: 46
Max Win: $35
Max Loss: $65
Breakevens: $41.65
Trade Management: Shooting for 50% on this trade, which would bring the previous trade just about a scratch overall. Full loser on this one otherwise, and maybe roll out further if market keeps moving.
Green is profit zone; vertical black bar is expiration.
Trade Setup:
-1 XRT Apr 21 41/42 Short Put Spread @ $0.35
DTE: 46
Max Win: $35
Max Loss: $65
Breakevens: $41.65
Trade Management: Shooting for 50% on this trade, which would bring the previous trade just about a scratch overall. Full loser on this one otherwise, and maybe roll out further if market keeps moving.
Green is profit zone; vertical black bar is expiration.
