Expiration: 2026-02-20
--
BuyPutStrike: 6215
SellPutStrike: 6730
SellCallStrike: 6945
BuyCallStrike: 7035
--
PutTrailingStop: 41.60
CallTrailingStop: 29.00

***PUT SIDE***
currentDate: 2026-02-19
expires: 2026-02-20
underlyingPrice: 6856.15
VIX: 21.11
riskFreeReturn: 3.60%
spreadRequirement: $51500
-->spreadLowerStrikePrice: 6215
-->strikePrice: 6730
-->trailingStopPrice: 41.60
bidPrice: 3.2
askPrice: 3.4
pctOTM: 1.84%
delta: -0.0794
gamma: 0.0016
theoreticalPrice: 3.30
origDelta: -0.0801
origGamma: 0.0016
maxLossIfStoppedOut: 4226.35
ivToVIXRatio: 1.0490
impliedVolatility: 22.14%
origImpliedVolatility: 25.32%
premiumPerContract: $319.35
payoffUtility: $212
premiumCapture: 66.29%
annualizedPremiumPerContract: $80640
unleveragedAnnualizedYield: 11.76%
leveragedAnnualizedYield: 64.60%
marginRequirementPerContract: $124828
leverageFactor: 5.4
sharpe: 1.48

***CALL SIDE***
currentDate: 2026-02-19
expires: 2026-02-20
underlyingPrice: 6856.15
VIX: 21.11
riskFreeReturn: 3.60%
spreadRequirement: $9000
-->spreadLowerStrikePrice: 7035
-->strikePrice: 6945
-->trailingStopPrice: 29.00
bidPrice: 0.95
askPrice: 1.05
pctOTM: 1.30%
delta: 0.0467
gamma: 0.0019
theoreticalPrice: 1.00
origDelta: 0.0477
origGamma: 0.0019
maxLossIfStoppedOut: 2969.85
ivToVIXRatio: 0.5965
impliedVolatility: 12.59%
origImpliedVolatility: 14.50%
premiumPerContract: $94.35
payoffUtility: $57
premiumCapture: 59.66%
annualizedPremiumPerContract: $23940
unleveragedAnnualizedYield: 3.49%
leveragedAnnualizedYield: 18.65%
marginRequirementPerContract: $128333
leverageFactor: 5.4
sharpe: 0.75