Opening a new trade in US Steel (X), selling a strangle for $1.15 credit in August regular expiration cycle.
Implied Volatility Rank (IVR) is 67%. Looking to close position for 50% profit
Side Qty Pos Effect Exp Strike Type Price
SELL -1 TO OPEN 18-AGO-17 18 PUT $0.49
SELL -1 TO OPEN 18-AGO-17 25 CALL $0.66