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2019 Trades

xbi: 09.24.19 – 10.11.19

ETF | Biotech Fund | Status: Closed

Adjustment #1

View original trade
10.02.19
XBI has done nothing but plummet since I jumped in. Luckily I sold super wide
so things still look good. My
has been completely drained however, so it no longer serves me any protection – it is pure risk with nothing left to gain. Since
has expanded so much today, and we finally have a small uptick in the share price, I've decided to roll my call down to collect extra
My strike is still pretty far
at the
so if XBI rallies back up, I'm hoping volatility contraction will overshadow any
strain. As long as the share price remains between my strikes, I'll be a happy camper, and should hopefully see some good returns.

Risk Profile:

(Not to scale)
Figure 2

Strategy: Roll Down Call

btc 1 nov 15 88 call
sto 1 nov 15 83 call
Fill Price: $0.48 credit

Position Analysis

U/L Price: $74.96
IV: 34.5%
IVR: 40.6
Liquidity: 4/4
Position: Short NOV 69/83 Strangle
POP: 67%
Cost Basis: $1.88
Risk: Undefined
BPR: $925
Max Profit: $1.88
Max Loss: unlimited
Target P/L: $0.70
Break Even(s): $67.12, $84.88
Extrinsic Value: $210.00
Net Delta: 7.78
Net Theta: 5.383

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2019 Trades
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