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2019 Trades

fxi: 05.23.19 – 06.10.19

ETF | Chinese Equities | Status: Closed

Opening Trade

05.23.19
Nice market-wide
expansion today. Taking advantage of elevated fears to collect more
FXI is an appropriate price and volatility level for my account which is why I trade it so much. The
trade at a high
making them very
and decently priced. Today I
a 38/42
in July for a
of $1.18. As long as the share price remains between my
I can make money through the passage of time and volatility contraction. If volatility continues to escalate, this is a small enough trade that I'll still have plenty of capital to place more trades, collect more premium, and keep my profit probabilities elevated. Looking to take 50% of max profit on this trade (~$0.60).

Risk Profile:

(Not to scale)
Figure 1

Strategy: Short 38/42 Strangle

sto 1 jul 19 38 put
sto 1 jul 19 42 call
Fill Price: $1.18 credit

Position Analysis

U/L Price: $40.05
IV: 23.6%
IVR: 35.7
Liquidity: 4/4
Position: Short 38/42 Strangle
POP: 61%
Cost Basis: $1.18
Risk: Undefined
BPR: $600
Max Profit: $1.18
Max Loss: Unlimited
Target P/L: $0.60
Break Even(s): $36.82, $43.18
Extrinsic Value: $118.00
Net Delta: 0.39
Net Theta: 1.973

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2019 Trades
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