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2019 Trades
KRE: 07.19.19 – 08.29.19
ETF | Banking Fund | Status: Closed
Adjustment #1
View original trade
08.05.19
I'm taking some heat in this expansion as expected, so I've decided to soften the blow by my down just a tad. My original was almost worthless, and even if KRE rallies tomorrow, I would expect this new call to actually make money or stay even with enough volatility contraction. In addition, I'm rolling to a that is still far to help avoid the double whammy.
Risk Profile:
(Not to scale)
Strategy: Roll Down Call
btc 1 sep 20 57 call
sto 1 sep 20 55 call
Fill Price: $1.24 credit
Position Analysis
U/L Price: $50.53
IV: 26.6%
IVR: 55.6
Liquidity: 4/4
Position: Short 49/55 Strangle
POP: 60%
Cost Basis: $1.30
Risk: Undefined
BPR: $900
Max Profit: $1.30
Max Loss: Unlimited
Target P/L: $0.53
Break Even(s): $47.70, $56.30
Extrinsic Value: $186.00
Net Delta: 19.12
Net Theta: 3.369