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2019 Trades

xlk: 05.23.19 – 07.01.19

ETF | Technology Fund | Status: Closed

Adjustment #3

View original trade
06.24.19
This adjustment was completely unintentional. I was just playing around with
to see what I could get if I decided to
I thought I was using another window and hit the enter key which sent the trade through by mistake. CRAP! I really wanted to keep this guy in July a bit longer to see if I could luck out with a down move. Luckily, it's not the worst mistake I've ever made... In fact, it's probably what my trade would have looked like if August options had been available at the time of last week's adjustment. I still collected almost 1$ in credit giving my upside
a little more padding, and my strikes are now a couple dollars wider on the downside. This should allow me to make some decent money back if we get the down move I want. It's super frustrating to make mistakes like this, but they happen sometimes. All you can do is adapt to the new set of circumstances.

Risk Profile:

(Not to scale)
Figure 4

Strategy: Roll Out Strangle

btc 1 jul 19 75 put
btc 1 jul 19 77 call
sto 1 aug 16 73 put
sto 1 aug 16 77 call
Fill Price: $0.95 credit

Position Analysis

U/L Price: $78.65
IV: 19.4%
IVR: 15.2
Liquidity: 4/4
Position: Short 73/77 Strangle
POP: 53%
Cost Basis: $3.02
Risk: Undefined
BPR: $1690
Max Profit: $3.02
Max Loss: unlimited
Target P/L: $0.65
Break Even(s): $69.98, $80.02
Extrinsic Value: $250.00
Net Delta: -43.56
Net Theta: 3.913

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2019 Trades
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