back

2019 Trades

XOP: 01.08.19 – 01.16.19

ETF | Oil and gas | Status: Closed

Opening Trade

01.08.19
Reestablishing my
oil position by selling the 30
in Feb. It's a fairly aggressive move because it is the
put, but I like the premium I'm collecting and I'd like to make larger profits if oil continues to rise. If oil heads back down, I can sell a
against it to lower my
and defend my trade. Hoping to get out at around 50% of max profit (~$0.75).

Risk Profile:

(Not to scale)
Figure 1

Strategy: Short 30 Put

sto 1 feb 15 30 put
Fill Price: $1.50 credit

Position Analysis

U/L Price: $30.02
IV: 42.2%
IVR: 48.1
Liquidity: 4/4
Position: Short 30 Put
POP: 70%
Cost Basis: $1.50
Risk: Undefined
BPR: $600
Max Profit: $1.50
Max Loss: $2850
Target P/L: $0.75
Break Even(s): $28.50
Extrinsic Value: $150.00
Net Delta: 47.39
Net Theta: 1.962

back

2019 Trades
Open a Tastyworks Brokerage Account