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2019 Trades
KRE: 01.08.19 – 01.31.19
ETF | Banking Fund | Status: Closed
Adjustment #1
View original trade
01.16.19
Insane rally in the market all year and KRE is no exception. It doesn't help that season for bank stocks are driving this sucker higher. This is up huge and testing my strike. After so many up-days, I'm hesitant to defend with a so I decided to first for additional credit. I entered the trade for $0.47, but got price improved by $0.02 – beautiful! This pushes my up another $0.49, giving me a little more buffer room. If this rally continues I will have no choice but to sell a put but, for now, I have a little more time to wait and see.
Risk Profile:
(Not to scale)
Strategy: Roll Out
btc 1 feb 15 51 call
sto 1 mar 15 51 call
Fill Price: $0.49 credit
Position Analysis
U/L Price: $51.61
IV: 24.9%
IVR: 33.1
Liquidity: 4/4
Position: Short 51 Call
POP: 64%
Cost Basis: $1.43
Risk: Undefined
BPR: $1000
Max Profit: $1.43
Max Loss: Unlimited
Target P/L: $0.45
Break Even(s): $52.43
Extrinsic Value: $167.00
Net Delta: -56.82
Net Theta: 1.675