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2019 Trades
xhb: 12.03.18 – 03.08.19
ETF | Home Builder Fund | Status: Closed
Adjustment #4
View original trade
01.04.19
XHB has had a pretty significant rally lately. It ended up centered between my so I used this as an opportunity to uninvert the position. This has allowed me the potential to once again be profitable on this trade but my goal at this point is simply to This adjustment gives me a bit more and also doubles my so I can make up to $160 back if the price just hovers around these levels. New break evens are $33.12 and $35.88.
Risk Profile:
(Not to scale)
Strategy: Uninvert Strangle
btc 1 feb 15 31 call
btc 1 feb 15 36 put
sto 1 feb 15 34 put
sto 1 feb 15 35 call
Fill Price: $3.78 debit
Position Analysis
U/L Price: $33.58
IV: 29.9%
IVR: 44.6
Liquidity: 4/4
Position: 34/35 Strangle
POP: 30%
Cost Basis: $0.88
Risk: Undefined
BPR: $680
Max Profit: $0.88
Max Loss: Unlimited
Target P/L: Scratch
Break Even(s): $33.12, $35.88
Extrinsic Value: $161.00
Net Delta: 20.33
Net Theta: 2.672