Copyright © 2016 – 2024 Food for Theta, LLC. All rights reserved.
The Food for Theta brand and all content on the Food for Theta website are copyrighted materials and may not be reproduced or redistributed for profit without written consent from the owner.
back
2019 Trades
KRE: 07.19.19 – 08.29.19
ETF | Banking Fund | Status: Closed
Opening Trade
07.19.19
Now that we're nearing the 60 mark for September, I feel a little better about placing a trade in that cycle. The general market is still super low, but the time value makes this trade a little more worthwhile. I placed my as wide as possible to defend against any potential IV expansions. If I do end up taking some heat, the product's price is low enough that I can bear it. Hopefully that will also mean other products will be ripe for trades as well. Looking for 50% of max profit, but I might settle for a little less given the current low IV environment.
Risk Profile:
(Not to scale)
Strategy: Short 49/57 Strangle
sto 1 sep 20 49 put
sto 1 sep 20 57 call
Fill Price: $1.06 credit
Position Analysis
U/L Price: $53.43
IV: 22.9%
IVR: 25.4
Liquidity: 4/4
Position: Short 49/57 Strangle
POP: 68%
Cost Basis: $1.06
Risk: Undefined
BPR: $706
Max Profit: $1.06
Max Loss: Unlimited
Target P/L: $0.53
Break Even(s): $47.94, $58.06
Extrinsic Value: $106.00
Net Delta: -2.95
Net Theta: 2.081