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2019 Trades

xlb: 10.02.19 – 10.22.19

ETF | Materials/Chemicals Fund | Status: Closed

Opening Trade

10.02.19
We've got a big
expansion today, so I'm attempting to take advantage of heightened
with this XLB
I sold the 51
and the 58
in November for $1.11. Looking to make around $0.55, just about 50% of max profit. The position has slight
in case the market continues to sell off. My other positions have all shifted slightly
so a touch of
will do my portfolio some good. This position will benefit from IV contraction, slight down movement, and the passage of time through positive

Risk Profile:

(Not to scale)
Figure 1

Strategy: Short NOV 51/58 Strangle

sto 1 nov 15 51 put
sto 1 nov 15 58 call
Fill Price: $1.11 credit

Position Analysis

U/L Price: $55.50
IV: 23.8%
IVR: 43.5
Liquidity: 3/4
Position: Short NOV 51/58 Strangle
POP: 68%
Cost Basis: $1.11
Risk: Undefined
BPR: $860
Max Profit: $1.11
Max Loss: Unlimited
Target P/L: $0.55
Break Even(s): $49.89, $59.11
Extrinsic Value: $111.00
Net Delta: -9.64
Net Theta: 2.869

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2019 Trades
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