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2019 Trades

ewy: 12.03.19 – 12.13.19

ETF | South Korean Equities | Status: Closed

Adjustment #1

View original trade
12.12.19
The market truly exploded today. Huge rallies in just about every sector with the exception of gold and bonds. EWY has already been sky rocketing over the past few days and today it blew through my
I hate having to
my
when the market has done nothing but go up for two months, but today's move leaves me no choice. I decided to bite the bullet and roll from the 54
up to the 59 for a credit of $0.76. This leaves me with a
and brings my total
to $2.06, pushing my upper break-even slightly above the current market price. My lower B/E is now around $57 ($56.94 to be exact). As a result, my
is now below 50% so I'd be happy to
this trade if I get the opportunity. Tough market!

Risk Profile:

Figure 2

Strategy: Roll Up Put

btc 1 jan 17 54 put
sto 1 jan 17 59 put
Fill Price: $0.76 credit

Position Analysis

U/L Price: $60.65
IV: 18.8%
IVR: 16.1
Liquidity: 3/4
Position: Short JAN 17 59 Straddle
POP: 40%
Cost Basis: $2.06
Risk: Undefined
BPR: $1300
Max Profit: $2.06
Max Loss: Unlimited
Target P/L: Scratch
Break Even(s): $56.94, $61.06
Extrinsic Value: $123.00
Net Delta: -43.61
Net Theta: 2.935

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2019 Trades
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