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2019 Trades

KRE: 01.08.19 – 01.31.19

ETF | Banking Fund | Status: Closed

Adjustment #4

View original trade
01.29.19
The 1-way market continues in KRE. Even when the general market was down yesterday, and then again slightly today, KRE holds strong. Rolling my
up to the 53
to reduce my
a bit. I still benefit from a down move but now I don't need as much of one. It also leaves me
with the chance to still make a little bit of money. If the price falls back between my strikes I will probably either uninvert the strikes, or close the strangle and sell the
call to remove my downside risk.

Risk Profile:

(Not to scale)
Figure 5

Strategy: Roll Up Put

btc 1 mar 15 51 put
sto 1 mar 15 53 put
Fill Price: $0.53 credit

Position Analysis

U/L Price: $54.04
IV: 22.5%
IVR: 24.7
Liquidity: 4/4
Position: Inverted 51/53 Strangle
POP: 35%
Cost Basis: $3.13
Risk: Undefined
BPR: $490
Max Profit: $1.13
Max Loss: Unlimited
Target P/L: $0.45
Break Even(s): $49.87, $54.13
Extrinsic Value: $188.00
Net Delta: -37.51
Net Theta: 3.430

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2019 Trades
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