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2019 Trades
xlb: 08.06.19 – 08.20.19
ETF | Materials/Chemicals Fund | Status: Closed
Opening Trade
08.06.19
is contracting nicely today however, are still above $20. I decided to continue adding new positions while the getting is good. Today, I sold a in XBI to try and capitalize on volatility contraction, and hopefully some understated price variation. The position is neutral and will benefit with the passage of time and decreases in If a is breached or volatility continues its expansion, a strangle allows for the most effective defensive tactics. Looking for 50% of max profit.
Risk Profile:
(Not to scale)
Strategy: Short 52/59 Strangle
sto 1 sep 20 52 put
sto 1 sep 20 59 call
Fill Price: $1.08 credit
Position Analysis
U/L Price: $55.94
IV: 26.1%
IVR: 55.5
Liquidity: 4/4
Position: Short 52/59 Strangle
POP: 63%
Cost Basis: $1.08
Risk: Undefined
BPR: $820
Max Profit: $1.08
Max Loss: Unlimited
Target P/L: $0.54
Break Even(s): $50.92, $60.08
Extrinsic Value: $108.00
Net Delta: -0.93
Net Theta: 2.765