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2019 Trades

ewz: 12.04.18 – 12.24.18

ETF | Brazilian Equities | Status: Closed

Adjustment #1

View original trade
12.19.18
Pretty large down move in the market is forcing my hand. My
are getting pretty
so I decided to roll this call down to reduce directional risk. I normally wait until my
(b/e) is
but since my original
has less than $0.30 in
I decided to be aggressive and
now. I collected another $0.40 for this adjustment giving me a total of $2.20 on a $2.00 wide strangle. My new downside b/e is $34.80.

Risk Profile:

(Not to scale)
Figure 2

Strategy: Roll Down Call

btc 1 jan 18 41 put
sto 1 jan 18 39 call
Fill Price: $0.40 credit

Position Analysis

U/L Price: $36.93
IV: 35.5%
IVR: 36.6
Liquidity: 4/4
Position: Short 37/39 Strangle
POP: 54%
Cost Basis: $2.20
Risk: Undefined
BPR: $740
Max Profit: $2.20
Max Loss: Unlimited
Target P/L: $0.90
Break Even(s): $34.80, $41.20
Extrinsic Value: $195.50
Net Delta: 20.47
Net Theta: 4.288

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2019 Trades
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