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2019 Trades

KRE: 05.14.19 – 06.06.19

ETF | Banking Fund | Status: Closed

Adjustment #1

View original trade
05.31.19
I'm paying for my greed a bit today. I had a chance to lock in $0.70 in profit a couple days ago and
but I wanted to try and realize my full profit target. Today, after a big sell off, I now have the joy of rolling out with my position just barely
Damn! But we've hit the 21 day mark, so rolling out to the back month is the
choice. Oh well... My
is also a bit higher than I'd like it so, since I can
my
this
for a credit, I decided to do so. I'm keeping my original profit target of $0.92, and have now collected a total credit of $2.24.

Risk Profile:

(Not to scale)
Figure 2

Strategy: Roll Out and Down

btc 1 jun 21 51 put
btc 1 jun 21 55 call
sto 1 jul 19 50 put
sto 1 jul 19 54 call
Fill Price: $0.40 credit

Position Analysis

U/L Price: $50.56
IV: 25.3%
IVR: 35.6
Liquidity: 4/4
Position: Short 50/54 Strangle
POP: 68%
Cost Basis: $2.24
Risk: Undefined
BPR: $960
Max Profit: $2.24
Max Loss: Unlimited
Target P/L: $0.92
Break Even(s): $47.76, $56.24
Extrinsic Value: $219.00
Net Delta: 21.80
Net Theta: 3.118

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2019 Trades
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