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2019 Trades
KRE: 03.19.19 – 05.14.19
ETF | Banking Fund | Status: Closed
Adjustment #4
View original trade
04.25.19
Slight down movement this morning, so I've decided to this trade out to June. My on this trade has gotten pretty large, so rolling out will allow me to reduce my delta risk, collect more credit which widens my and increases my maximum profit potential. That said, I'd be happy with a or a small loss on this trade.
Risk Profile:
(Not to scale)
Strategy: Roll Out
btc 1 may 17 51 call
btc 1 may 17 53 put
sto 1 jun 21 51 call
sto 1 jun 21 53 put
Fill Price: $1.05 credit
Position Analysis
U/L Price: $54.62
IV: 23.8%
IVR: 26.6
Liquidity: 4/4
Position: Short 51/53 Inverted Strangle
POP: 39%
Cost Basis: $3.84
Risk: Undefined
BPR: $1670
Max Profit: $1.84
Max Loss: Unlimited
Target P/L: Scratch
Break Even(s): $49.16, $54.84
Extrinsic Value: $197.00
Net Delta: -40.91
Net Theta: 3.035