Copyright © 2016 – 2024 Food for Theta, LLC. All rights reserved.
The Food for Theta brand and all content on the Food for Theta website are copyrighted materials and may not be reproduced or redistributed for profit without written consent from the owner.
back
2019 Trades
xlk: 08.02.19 – 08.23.19
ETF | Technology Fund | Status: Closed
Adjustment #1
View original trade
08.05.19
XLK is getting slammed like the rest of the market today. I've been to reduce risk, collect extra and to take advantage of the heightened fear Keeping my same profit targets, and only experiencing loss due to extrinsic value so far – which is to be expected when explodes like it has today. As long as the share price remains the my there is nothing super urgent to worry about. If chaos continues, I'll proceed to roll calls down further to improve and contain losses.
Risk Profile:
(Not to scale)
Strategy: Roll Down Call
btc 1 sep 20 84 call
sto 1 sep 20 82 call
Fill Price: $0.26 credit
Position Analysis
U/L Price: $76.38
IV: 26.7%
IVR: 38.6
Liquidity: 4/4
Position: Short 71/82 Strangle
POP: 65%
Cost Basis: $1.26
Risk: Undefined
BPR: $1060
Max Profit: $1.26
Max Loss: unlimited
Target P/L: $0.50
Break Even(s): $69.74, $83.26
Extrinsic Value: $158.00
Net Delta: 6.98
Net Theta: 3.970