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2019 Trades

fxi: 05.09.19 – 05.10.19

ETF | Chinese Equities | Status: Closed

Opening Trade

05.09.19
China is in play with the "trade war" tweets by the president.
is relatively high compared to the past 52 weeks with a 71
so I am going to try and take advantage of the elevated option prices. I'm selling a nice wide
with neutral
for just under $1.00. I can make money if the share price remains between my
volatility comes back down to lower levels, and through
decay as time passes. Looking to get out for around a $0.50 profit.

Risk Profile:

(Not to scale)
Figure 1

Strategy: Short 38/44 Strangle

sto 1 jun 21 38 put
sto 1 jun 21 44 call
Fill Price: $0.98 credit

Position Analysis

U/L Price: $41.27
IV: 25.1%
IVR: 71.0
Liquidity: 4/4
Position: Short 38/44 Strangle
POP: 74%
Cost Basis: $0.98
Risk: Undefined
BPR: $555
Max Profit: $0.98
Max Loss: Unlimited
Target P/L: $0.50
Break Even(s): $37.02, $44.98
Extrinsic Value: $98.00
Net Delta: -2.36
Net Theta: 2.609

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2019 Trades
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