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2019 Trades

xlb: 08.23.19 – 09.09.19

ETF | Materials/Chemicals Fund | Status: Closed

Adjustment #1

View original trade
09.06.19
We've had a pretty big rally this week, and my
is just about worthless. I decided to buy it back for $0.04 which completely eliminates all risk to the downside. With no
left to decay, there was no sense in holding that risk any longer. If we get a down move next week, hopefully I'll be able to hit my profit target quickly and take profits on the
side as well. Since my call is still
and
has dipped so low, I'd like to avoid selling an October put for as long as possible. If the market continues higher however, I may have no choice but to
a new put to
my

Risk Profile:

(Not to scale)
Figure 2

Strategy: Close Put

btc 1 sep 20 52 put

Fill Price: $0.04 debit

Position Analysis

U/L Price: $57.32
IV: 17.7%
IVR: 20.0
Liquidity: 3/4

Position: Short 58 Call
POP: 68%
Cost Basis: $1.03
Risk: Undefined
BPR: $1070
Max Profit: $1.03
Max Loss: Unlimited
Target P/L: $0.53
Break Even(s): $59.03
Extrinsic Value: $84.00
Net Delta: -41.63
Net Theta: 1.286

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2019 Trades