… for a 3. 40 credit.

Comments: Back onto the roller coaster in the June 3rd expiry (29 days until expiry), selling the strike that is around 70% of where /ES is currently trading. The delta down here is so low that it doesn’t make much sense to target a particular strike based on delta (e.g., the .01 delta strike).

As noted previously, this routes for 3. 40 , but max is only half of that or 1.70 ($170).