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2019 Trades

KRE: 08.29.19 – 10.01.19

ETF | Banking Fund | Status: Closed

Adjustment #2

View original trade
09.26.19
With only 22 days left to go before October
I've decided to
my KRE position to November. Doing so allows me to collect additional
for my position, widening my
and improving my probability of profit. It also softens my
risk as well as my
I was hoping to make this adjustment into a more significant down move, but since tomorrow is my default rolling day, I decided to just take what I've been given. With a small pop in
, and my
right
the
is pretty juiced up, making today a good time to roll. This position was looking much worse just a couple weeks ago, and if it hovers around these levels, I should continue to see improvement.

Risk Profile:

(Not to scale)
Figure 3

Strategy: Roll Out

btc 1 oct 18 50 put
btc 1 oct 18 53 call
sto 1 nov 15 50 put
sto 1 nov 15 53 call
Fill Price: $1.13 credit

Position Analysis

U/L Price: $53.12
IV: 26.2%
IVR: 26.0
Liquidity: 4/4
Position: Short NOV 50/53 Strangle
POP: 56%
Cost Basis: $2.58
Risk: Undefined
BPR: $1100
Max Profit: $2.58
Max Loss: Unlimited
Target P/L: $0.53
Break Even(s): $47.42, $55.58
Extrinsic Value: $275.00
Net Delta: -27.27
Net Theta: 3.546

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2019 Trades
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