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2019 Trades

xli: 08.26.19 – 10.04.19

ETF | Industrial Fund | Status: Closed

Closing Trade

View original trade
10.04.19
Massive, massive rally over the past two days following a couple heavy down moves at the beginning of the week. The rally has caused
to collapse quite a bit, which has brought XLI closer to my profit target. Since this trade started off kind of rocky, I've decided to take profits a bit early to reduce my overall portfolio risk, and take advantage of the swing in
XLI's price is also on the higher end of my comfort zone, so for the sake of keeping risk small, I think this is a worthwhile decision. This frees up over $1300 in capital which will give me plenty of dry powder to use in the event of another volatility spike. I wouldn't mind jumping back into this trade if option prices rise again. If volatility continues to contract, however, I still have several other positions that will benefit. It's nice when you can turn an uncooperative position like this one was into a profitable venture!

Strategy: Close Position

btc 1 nov 15 72 put
btc 1 nov 15 79 call

Fill Price: $1.32 debit

Position Analysis

U/L Price: $75.30
IV: 20.8%
IVR: 21.4
Liquidity: 3/4

Final P/L: $0.39 Profit

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2019 Trades