back

2019 Trades

ewz: 03.21.19 – 04.03.19

ETF | Brazilian Equities | Status: Closed

Adjustment #1

View original trade
03.22.19
Huge move down in the market today. EWZ is no exception. I need to reduce my
a bit and I want to take advantage of this
so I decided to roll down my
My original call was almost completely worthless, offering me no protection to the downside. The 44 call neutralizes my delta in this trade, and will be much more helpful if the market continues down next week. If things rally back, I'm hoping to bank on some volatility contraction.

Risk Profile:

(Not to scale)
Figure 2

Strategy: Roll Down Call

btc 1 may 17 47 call
sto 1 may 17 44 call
Fill Price: $0.60 credit

Position Analysis

U/L Price: $40.85
IV: 35.4%
IVR: 12.1
Liquidity: 4/4
Position: Short 38/44 Strangle
POP: 59%
Cost Basis: $1.66
Risk: Undefined
BPR: $730
Max Profit: $1.66
Max Loss: Unlimited
Target P/L: $0.53
Break Even(s): $36.34, $45.66
Extrinsic Value: $193.00
Net Delta: -1.27
Net Theta: 3.25

back

2019 Trades
Open a Tastyworks Brokerage Account