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2019 Trades
XOP: 08.01.19 – 09.09.19
ETF | Oil and gas | Status: Closed
Adjustment #5
View original trade
08.26.19
Staying aggressive with this position. XOP has been extremely weak since I sold the original I'm still stuck with an but at least to October will allow me to collect some more increase my max profit potential, and increase my by improving my lower If XOP continues lower, this maneuver should slightly soften the blow. If the share value moves higher for once, I will make some money back. This is all damage control at this point. If the share price moves back up to the center of my I will reanalyze and decide whether or not to hold the position, uninvert, or close it once and for all for a smaller loss.
Risk Profile:
(Not to scale)
Strategy: Roll Out
btc 1 sep 20 22 call
sto 1 oct 18 22 call
btc 1 sep 20 24 put
sto 1 oct 18 24 put
Fill Price: $0.55 credit
Position Analysis
U/L Price: $20.93
IV: 43.2%
IVR: 52.7
Liquidity: 4/4
Position: Inverted 22/24 Strangle
POP: 32%
Cost Basis: $2.91
Risk: Undefined
BPR: $550
Max Profit: $0.91
Max Loss: Unlimited
Target P/L: Scratch/Small loss
Break Even(s): $21.09, $24.91
Extrinsic Value: $111.00
Net Delta: 40.87
Net Theta: 1.882