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2019 Trades

xlk: 05.23.19 – 07.01.19

ETF | Technology Fund | Status: Closed

Adjustment #1

View original trade
06.13.19
XLK has rallied with the rest of the market. My
was only worth around $0.10, so I decided to
a few
to collect a tiny bit more credit and make my put a little more useful. It's still very far
at the 16
so I have plenty of room to profit if XLK sells off, and it reduces my overall delta risk by a small amount. My profit target remains the same at $0.65.

Risk Profile:

(Not to scale)
Figure 2

Strategy: Roll Up Put

btc 1 jul 19 66 put
sto 1 jul 19 71 put
Fill Price: $0.40 credit

Position Analysis

U/L Price: $76.52
IV: 20.8%
IVR: 20.0
Liquidity: 4/4
Position: Short 71/77 Strangle
POP: 62%
Cost Basis: $1.71
Risk: Undefined
BPR: $1690
Max Profit: $1.71
Max Loss: unlimited
Target P/L: $0.65
Break Even(s): $69.29, $78.71
Extrinsic Value: $208.00
Net Delta: -33.66
Net Theta: 4.205

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2019 Trades
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