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2019 Trades

xhb: 12.03.18 – 03.08.19

ETF | Home Builder Fund | Status: Closed

Adjustment #3

View original trade
12.24.18
This turd of an
keeps dropping harder than the general market, so I had no choice but to
my
to control my
risk. Since Jan
is getting so close (25 days), I also decided to
to Feb. Locked in another $0.10 in loss, but improved my probability of making some money back. As long as the underlying stays between my
I can make up to $160 back on this trade. Considering how unaccommodating the market has been lately, I'd rather not rely on directional correctness to make my money back. My goal is to get as close to a
as possible. I don't know how this will play out down the road, but as it stands, there's quite a bit of
to reabsorb from these options. I'm going to harvest as much as I can, and see where that gets me.

Risk Profile:

(Not to scale)
Figure 4

Strategy: Roll Down and Out

btc 1 jan 18 32 call
btc 1 jan 18 36 put
sto 1 feb 15 31 call
sto 1 feb 15 36 put
Fill Price: $0.90 credit

Position Analysis

U/L Price: $31.05
IV: 38.6%
IVR: 44.6
Liquidity: 4/4
Position: Inverted 31/36 Strangle
POP: 0%
Cost Basis: $4.66
Risk: Undefined
BPR: $625
Max Profit: -$0.34
Max Loss: Unlimited
Target P/L: Small Loss
Extrinsic Value: $160.00
Net Delta: 35.09
Net Theta: 2.198

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2019 Trades
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