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2019 Trades

xlk: 09.27.19 – 10.14.19

ETF | Technology Fund | Status: Closed

Closing Trade

View original trade
10.14.19
I haven't quite hit my profit target on this trade, but we've had such a dramatic collapse in
that I've decided to cash this baby in early. I still made a solid $0.60, which is significantly higher than my typical profit size. XLK is also a heavy product for my portfolio, tying up almost $1500 in capital and exposing me to higher risk than my typical trade. In other words... Closing this position locks in solid profit, releases a ton of cash for better opportunities, and greatly decreases my risk exposure. The decision is a no-brainer, I love it!

Strategy: Close Position

btc 1 nov 15 73 put
btc 1 nov 15 84 call

Fill Price: $0.92 debit

Position Analysis

U/L Price: $81.53
IV: 20.0%
IVR: 16.7
Liquidity: 3/4

Final P/L: $0.60 Profit

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2019 Trades