-1 SPY Mar 17 236/237/237/239 Call @ 0.19
Max Win: $119
Max Loss: $81
Trade Management: Best case scenario, SPY trades around 237 near March expiration for close to max profit. I'll likely look to take 50% out of this. $0 downside risk on trade and will let expire or cover for close to nothing if we get a move down. Fits risk parameters here as well, although we would appreciate some IV increases across the board.
Green is profit zone; vertical bar is expiration.