Opening: XRT June 17th 59/82 Short Strangle

... for a 2.00 credit.

Comments: High IVR/IV at 91/52. Selling the 16 delta strikes on both sides. Will look to take profit at 50% max; manage sides on approaching worthless/side test. 2.00 credit on buying power effect of 7.10; 28.2% ROC as a function of buying power effect; 14.1% at 50% max.