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2019 Trades

KRE: 01.08.19 – 01.31.19

ETF | Banking Fund | Status: Closed

Adjustment #2

View original trade
01.17.19
I hated to make this adjustment, and I have a terrible feeling I'll regret it, but a sudden explosion in the market caused my overall portfolio
to get a little
than I'd like. I decided to sell this 49
to cut my delta in KRE pretty significantly. I still have room to make money if KRE comes back down, but have a little more padding if this relentless rally continues. My profit target is the same but my new
are $46.81 on the downside and $53.19 to the upside.

Risk Profile:

(Not to scale)
Figure 3

Strategy: Short 49 Put

sto 1 mar 15 49 put
Fill Price: $0.76 credit

Position Analysis

U/L Price: $52.27
IV: 24.7%
IVR: 30.3
Liquidity: 4/4
Position: Short 49/51 Strangle
POP: 45%
Cost Basis: $2.19
Risk: Undefined
BPR: $1000
Max Profit: $2.19
Max Loss: Unlimited
Target P/L: $0.45
Break Even(s): $46.81, $53.19
Extrinsic Value: $217.00
Net Delta: -37.79
Net Theta: 3.078

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2019 Trades
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