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2019 Trades
KRE: 05.14.19 – 06.06.19
ETF | Banking Fund | Status: Closed
Opening Trade
05.14.19
Reestablishing my KRE position after taking a loss. is elevated with the recent down move, so I am sticking with this to capitalize on any volatility contraction as best I can. I sold a 30 which is a bit tighter than I normally do, but the tighter should benefit more from a vol contraction. Looking to get out at 50% of max profit, which is around $0.92.
Risk Profile:
(Not to scale)
Strategy: Short 51/55 Strangle
sto 1 jun 21 51 put
sto 1 jun 21 55 call
Fill Price: $1.84 credit
Position Analysis
U/L Price: $52.97
IV: 28.4%
IVR: 48.4
Liquidity: 4/4
Position: Short 51/55 Strangle
POP: 57%
Cost Basis: $1.84
Risk: Undefined
BPR: $860
Max Profit: $1.84
Max Loss: Unlimited
Target P/L: $0.92
Break Even(s): $49.16, $56.84
Extrinsic Value: $184.00
Net Delta: 0.38
Net Theta: 3.933