Expiration: 2026-05-13
--
BuyPutStrike: 7030
SellPutStrike: 7315
SellCallStrike: 7470
BuyCallStrike: 7640
--
PutTrailingStop: 67.30
CallTrailingStop: 41.60

***PUT SIDE***
currentDate: 2026-05-12
expires: 2026-05-13
underlyingPrice: 7400.96
VIX: 19.10
riskFreeReturn: 3.60%
spreadRequirement: $28500
-->spreadLowerStrikePrice: 7030
-->strikePrice: 7315
-->trailingStopPrice: 67.30
bidPrice: 2.4
askPrice: 2.5
pctOTM: 1.16%
delta: -0.0839
gamma: 0.0024
theoreticalPrice: 2.45
origDelta: -0.0896
origGamma: 0.0027
maxLossIfStoppedOut: 6796.84
ivToVIXRatio: 0.7500
impliedVolatility: 14.32%
origImpliedVolatility: 15.53%
premiumPerContract: $239.35
payoffUtility: $79
premiumCapture: 32.81%
annualizedPremiumPerContract: $60480
unleveragedAnnualizedYield: 8.17%
leveragedAnnualizedYield: 43.30%
marginRequirementPerContract: $139663
leverageFactor: 5.2
sharpe: 0.97

***CALL SIDE***
currentDate: 2026-05-12
expires: 2026-05-13
underlyingPrice: 7400.96
VIX: 19.10
riskFreeReturn: 3.60%
spreadRequirement: $17000
-->spreadLowerStrikePrice: 7640
-->strikePrice: 7470
-->trailingStopPrice: 41.60
bidPrice: 0.8
askPrice: 0.9
pctOTM: 0.93%
delta: 0.0497
gamma: 0.0025
theoreticalPrice: 0.85
origDelta: 0.0478
origGamma: 0.0022
maxLossIfStoppedOut: 4234.77
ivToVIXRatio: 0.4843
impliedVolatility: 9.25%
origImpliedVolatility: 11.43%
premiumPerContract: $79.35
payoffUtility: $24
premiumCapture: 30.30%
annualizedPremiumPerContract: $20160
unleveragedAnnualizedYield: 2.72%
leveragedAnnualizedYield: 14.28%
marginRequirementPerContract: $141195
leverageFactor: 5.3
sharpe: 0.55