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2019 Trades
xbi: 08.02.19 – 08.16.19
ETF | Biotech Fund | Status: Closed
Adjustment #1
View original trade
08.05.19
Pretty nasty selloff today, so I'm just my near worthless XBI down to collect a little more and soften my risk. I'm down a little money on this trade but it's entirely loss, so there is nothing to fear... yet! I'm glad I made my original trade as wide as I had because today's move is pretty huge.
Risk Profile:
(Not to scale)
Strategy: Roll Down Call
btc 1 sep 20 93 call
sto 1 sep 20 90 call
Fill Price: $0.32 credit
Position Analysis
U/L Price: $81.28
IV: 32.5%
IVR: 42.2
Liquidity: 4/4
Position: Short 72/90 Strangle
POP: 73%
Cost Basis: $1.37
Risk: Undefined
BPR: $850
Max Profit: $1.37
Max Loss: unlimited
Target P/L: $0.53
Break Even(s): $70.63, $91.37
Extrinsic Value: $154.00
Net Delta: 0.84
Net Theta: 4.645