back

2019 Trades

ewy: 12.03.19 – 12.13.19

ETF | South Korean Equities | Status: Closed

Opening Trade

12.03.19
Today, after months of waiting, we FINALLY have a small uptick in
I'm taking advantage with a small position in EWY, a south korean equity
I decided to
a
in January for $1.30 credit. EWY is not the most
product out there so it was a little tough to get filled at an ideal price. For that reason, I probably wouldn't care to trade this product under normal circumstances. With an
above 30, however, it's currently one of my best and only options.
Looking to take around 50% of max profit out of this trade. As a
position, it will benefit from volatility contraction and the passage of time. However, even though this position would be hurt by volatility expansion, I kind of hope the general market continues to sell off. I've been low on positions for quite some time now, and I'd like the opportunity to sell good premium in some of my old favorites.

Risk Profile:

Figure 1

Strategy: Short JAN 17 54/59 Strangle

sto 1 jan 17 54 put
sto 1 jan 17 59 call
Fill Price: $1.30 credit

Position Analysis

U/L Price: $57.28
IV: 21.7%
IVR: 32.2
Liquidity: 3/4
Position: Short JAN 17 54/59 Strangle
POP: 61%
Cost Basis: $1.30
Risk: Undefined
BPR: $980
Max Profit: $1.30
Max Loss: Unlimited
Target P/L: $0.65
Break Even(s): $52.70, $60.30
Extrinsic Value: $130.00
Net Delta: -8.44
Net Theta: 2.868

back

2019 Trades
Open a Tastyworks Brokerage Account