Expiration: 2026-05-04
--
BuyPutStrike: 6700
SellPutStrike: 7140
SellCallStrike: 7305
BuyCallStrike: 7380
--
PutTrailingStop: 61.70
CallTrailingStop: 41.90

***PUT SIDE***
currentDate: 2026-05-01
expires: 2026-05-04
underlyingPrice: 7235.05
VIX: 17.39
riskFreeReturn: 3.58%
spreadRequirement: $44000
-->spreadLowerStrikePrice: 6700
-->strikePrice: 7140
-->trailingStopPrice: 61.70
bidPrice: 3.3
askPrice: 3.4
pctOTM: 1.31%
delta: -0.0954
gamma: 0.0023
theoreticalPrice: 3.35
origDelta: -0.0970
origGamma: 0.0023
maxLossIfStoppedOut: 6244.13
ivToVIXRatio: 0.8044
impliedVolatility: 13.99%
origImpliedVolatility: 11.50%
premiumPerContract: $329.35
payoffUtility: $151
premiumCapture: 45.84%
annualizedPremiumPerContract: $83160
unleveragedAnnualizedYield: 11.49%
leveragedAnnualizedYield: 61.36%
marginRequirementPerContract: $135526
leverageFactor: 5.3
sharpe: 1.20

***CALL SIDE***
currentDate: 2026-05-01
expires: 2026-05-04
underlyingPrice: 7235.05
VIX: 17.39
riskFreeReturn: 3.58%
spreadRequirement: $7500
-->spreadLowerStrikePrice: 7380
-->strikePrice: 7305
-->trailingStopPrice: 41.90
bidPrice: 0.9
askPrice: 1
pctOTM: 0.97%
delta: 0.0535
gamma: 0.0026
theoreticalPrice: 0.95
origDelta: 0.0552
origGamma: 0.0027
maxLossIfStoppedOut: 4263.17
ivToVIXRatio: 0.4561
impliedVolatility: 7.93%
origImpliedVolatility: 6.36%
premiumPerContract: $89.35
payoffUtility: $29
premiumCapture: 32.36%
annualizedPremiumPerContract: $22680
unleveragedAnnualizedYield: 3.13%
leveragedAnnualizedYield: 16.46%
marginRequirementPerContract: $137796
leverageFactor: 5.3
sharpe: 0.59