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2019 Trades

ewz: 06.25.19 – 07.16.19

ETF | Brazilian Equities | Status: Closed

Opening Trade

06.25.19
I'm super light on trades, so I decided to
a
in EWZ. The IVR is not great, but it's a small enough product with decent
in the options. The overall market is down today, with a small pop in
so I figure I better take a small shot while I have a chance. If general volatility continues to expand, this position is probably going to feel some pain but it should open the window to place much better trades. I'm ready to play some defense on this trade if it means better opportunity in other products. Looking for 50% of max profit, so about $0.60.

Risk Profile:

(Not to scale)
Figure 1

Strategy: Short 40/48 Strangle

sto 1 aug 16 40 put
sto 1 aug 16 48 call
Fill Price: $1.19 credit

Position Analysis

U/L Price: $43.59
IV: 31.2%
IVR: 19.1
Liquidity: 4/4
Position: Short 40/48 Strangle
POP: 69%
Cost Basis: $1.19
Risk: Undefined
BPR: $517
Max Profit: $1.19
Max Loss: Unlimited
Target P/L: $0.60
Break Even(s): $38.81, $49.19
Extrinsic Value: $119.00
Net Delta: 4.04
Net Theta: 2.658

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2019 Trades
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