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2019 Trades

xhb: 12.03.18 – 03.08.19

ETF | Home Builder Fund | Status: Closed

Adjustment #1

View original trade
12.10.18
A significant selloff in XHB has forced me to
my
leaving me with an $2
I decided to invert because my
(b/e) was breached. This maneuver gives me a new b/e slightly below the current price at $33.04 in exchange for a closer upside b/e ($36.96) and a lower max profit of $0.96. At this point, my main goal is to get back to b/e. There may be opportunity turn this into profit down the road, but we'll cross that bridge when it comes.

Risk Profile:

(Not to scale)
Figure 2

Strategy: Roll Down Call

btc 1 jan 18 36 call
sto 1 jan 18 34 call
Fill Price: $0.69 credit

Position Analysis

U/L Price: $33.61
IV: 30.4%
IVR: 45.2
Liquidity: 4/4
Position: Inverted 34/36 Strangle
POP: 40%
Cost Basis: $2.96
Risk: Undefined
BPR: $680
Max Profit: $0.96
Max Loss: Unlimited
Target P/L: Scratch
Break Even(s): $33.04, $36.96
Extrinsic Value: $143.00
Net Delta: 35.57
Net Theta: 2.483

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2019 Trades
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