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2019 Trades

XOP: 08.01.19 – 09.09.19

ETF | Oil and gas | Status: Closed

Adjustment #4

View original trade
08.15.19
I'm gettin my butt whooped by this little turd of an
Yesterday, XOP's price was down about 5% and today it is down once again. Not good for my poor little
position. My
has such a low value that it is no longer doing much to
my losses. As a result, I have no choice but to
to pick up some more
This
my
by $2 – a fairly aggressive adjustment. I've collected a total of $2.36 which means, best case scenario, I can make $0.36 if XOP
between my
So sad XX.

Risk Profile:

(Not to scale)
Figure 5

Strategy: Roll Down Call

btc 1 sep 20 24 call
sto 1 sep 20 22 call
Fill Price: $0.43 credit

Position Analysis

U/L Price: $20.73
IV: 45.5%
IVR: 61.5
Liquidity: 4/4
Position: Inverted 22/24 Strangle
POP: 24%
Cost Basis: $2.36
Risk: Undefined
BPR: $590
Max Profit: $0.36
Max Loss: Unlimited
Target P/L: Scratch/Small loss
Break Even(s): $21.64, $24.36
Extrinsic Value: $75.00
Net Delta: 57.09
Net Theta: 1.839

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2019 Trades
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