Market Measures

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Market Measures

Options involve risk and are not suitable for all investors. Please read Characteristics and Risks of Standardized Options before deciding to invest in options.

Forty-five (45) DTE SPY strangles have a P50 (probability of reaching half max profit at some point in a contract’s duration) upwards of 85%.

However, since holding these instruments past the 21 DTE mark exposes traders to negative tail risk, we generally manage strangles at 21 DTE or half max profit.

Join Tom and Tony today as they discuss how often different 45 DTE SPY strangles reach half max profit before the 21 DTE early management deadline.

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