Expiration: 2026-07-22
--
BuyPutStrike: 7020
SellPutStrike: 7325
SellCallStrike: 7600
BuyCallStrike: 7635
--
PutTrailingStop: 61.90
CallTrailingStop: 37.10

***PUT SIDE***
currentDate: 2026-07-21
expires: 2026-07-22
underlyingPrice: 7511.1
VIX: 17.99
partialVIX: 8.76
riskFreeReturn: 3.73%
spreadRequirement: $30500
-->spreadLowerStrikePrice: 7020
-->strikePrice: 7325
-->trailingStopPrice: 61.90
bidPrice: 0.2
askPrice: 0.3
pctOTM: 2.48%
delta: -0.0092
gamma: 0.0003
origDelta: -0.0097
origGamma: 0.0003
vega: 0.1119
maxLossIfStoppedOut: 6255.41
ivToVIXRatio: 0.9913
ivToPartialVIXRatio: 2.0353
impliedVolatility: 17.83%
origImpliedVolatility: 20.42%
premiumPerContract: $19.35
payoffUtility: $6
premiumCapture: 27.97%
annualizedPremiumPerContract: $5040
unleveragedAnnualizedYield: 0.67%
leveragedAnnualizedYield: 3.83%
marginRequirementPerContract: $131632
leverageFactor: 5.6
sharpe: 0.73

***CALL SIDE***
currentDate: 2026-07-21
expires: 2026-07-22
underlyingPrice: 7511.1
VIX: 17.99
partialVIX: 5.83
riskFreeReturn: 3.73%
spreadRequirement: $3500
-->spreadLowerStrikePrice: 7635
-->strikePrice: 7600
-->trailingStopPrice: 37.10
bidPrice: 0.1
askPrice: 0.15
pctOTM: 1.18%
delta: 0.0099
gamma: 0.0007
origDelta: 0.0102
origGamma: 0.0007
vega: 0.1190
maxLossIfStoppedOut: 3781.25
ivToVIXRatio: 0.4608
ivToPartialVIXRatio: 1.4223
impliedVolatility: 8.29%
origImpliedVolatility: 9.67%
premiumPerContract: $9.35
payoffUtility: $1
premiumCapture: 7.40%
annualizedPremiumPerContract: $2520
unleveragedAnnualizedYield: 0.34%
leveragedAnnualizedYield: 1.78%
marginRequirementPerContract: $141342
leverageFactor: 5.4
sharpe: 0.34