back

2019 Trades

KRE: 01.31.19 – 03.07.19

ETF | Banking Fund | Status: Closed

Adjustment #1

View original trade
02.07.19
My
had very little
left, my
were over 50, and KRE has been going straight up. I was reluctant to
my put into todays rally because it worsens my downside
Rolling was the
choice, however, so I did what had to be done. As a result, my upside break even is a little better and my
is a bit more conservative. This trade should benefit most from a moderate decline in KRE's price and the passage of time.

Risk Profile:

(Not to scale)
Figure 2

Strategy: Roll Up Put

btc 1 mar 15 50 put
sto 1 mar 15 53 put
Fill Price: $0.43 credit

Position Analysis

U/L Price: $55.12
IV: 20.6%
IVR: 15.0
Liquidity: 4/4
Position: Short 53/54 Strangle
POP: 47%
Cost Basis: $1.91
Risk: Undefined
BPR: $1100
Max Profit: $1.91
Max Loss: Unlimited
Target P/L: $0.75
Break Even(s): $51.09, $55.91
Extrinsic Value: $164.00
Net Delta: -35.14
Net Theta: 3.587

back

2019 Trades
Open a Tastyworks Brokerage Account