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2019 Trades

xlk: 08.02.19 – 08.23.19

ETF | Technology Fund | Status: Closed

Opening Trade

08.02.19
Jumping back into XLK to take advantage of this week's spike in
Going as wide as I can with a
because the
price is at the high end of my comfort zone. This trade has a high probability of success, so my target is about 50% of max profit. The
is fairly neutral so this trade will profit most from the passage of time and the contraction of implied volatility.

Risk Profile:

(Not to scale)
Figure 1

Strategy: Short 71/84 Strangle

sto 1 sep 20 71 put
sto 1 sep 20 84 call
Fill Price: $1.00 credit

Position Analysis

U/L Price: $78.77
IV: 23.7%
IVR: 28.7
Liquidity: 4/4
Position: Short 71/84 Strangle
POP: 72%
Cost Basis: $1.00
Risk: Undefined
BPR: $1060
Max Profit: $1.00
Max Loss: unlimited
Target P/L: $0.50
Break Even(s): $70.00, $85.00
Extrinsic Value: $100.00
Net Delta: -1.04
Net Theta: 3.027

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2019 Trades
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