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2019 Trades

ewz: 12.24.18 – 02.27.19

ETF | Brazilian Equities | Status: Closed

Adjustment #2

View original trade
01.09.19
Brazil just won't quit with this rally. If the rest of my portfolio wasn't getting so
I'd be more willing to wait for a down move, but my overall
is getting larger than I'd like so this is one way to contain the risk a bit.
has totally collapsed in this product, which is probably keeping my losses a bit lower than they could be. Would love to get out of this for a scratch. Rolled my
up to the 42
just
This adjustment pushes my upside
to $43.52, increases my
levels, and leaves me the opportunity to make up to $1.52 profit if the price comes back down between $40 and $42. If the price hovers around this level, I have the opportunity to make up to $200 back which would leave me with a small net profit.

Risk Profile:

(Not to scale)
Figure 3

Strategy: Roll Up Put

btc 1 feb 15 40 put
sto 1 feb 15 42 put
Fill Price: $0.60 credit

Position Analysis

U/L Price: $42.73
IV: 32.6%
IVR: 19.6
Liquidity: 4/4
Position: Inverted 40/42 Strangle
POP: 42%
Cost Basis: $3.52
Risk: Undefined
BPR: $839
Max Profit: $1.52
Max Loss: Unlimited
Target P/L: Scratch
Break Even(s): $38.48, $43.52
Extrinsic Value: $211.00
Net Delta: -33.3
Net Theta: 4.275

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2019 Trades
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