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2019 Trades
xli: 08.26.19 – 10.04.19
ETF | Industrial Fund | Status: Closed
Opening Trade
08.26.19
I closed my September XLI today just shy of my profit target. I am now reloading a new, wider October strangle to boost my levels, improve my temper my slightly, and lock in my acquired profits. With the original position closed, I am looking at this new setup with fresh eyes, and a new profit target. Aiming for 50% of maximum profit, which is around $0.50. This trade will profit primarily from contraction, and the passage of time.
Risk Profile:
(Not to scale)
Strategy: Short OCT 65/78 Strangle
sto 1 oct 18 65 put
sto 1 oct 18 78 call
Fill Price: $1.01 credit
Position Analysis
U/L Price: $73.53
IV: 23.8%
IVR: 30.6
Liquidity: 3/4
Position: Short OCT 65/78 Strangle
POP: 72%
Cost Basis: $1.01
Risk: Undefined
BPR: $1025
Max Profit: $1.01
Max Loss: unlimited
Target P/L: $0.50
Break Even(s): $63.99, $79.01
Extrinsic Value: $101.00
Net Delta: -7.48
Net Theta: 2.741