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2019 Trades

eww: 05.31.19 – 06.12.19

ETF | Mexican Equities | Status: Closed

Opening Trade

05.31.19
Taking a shot in EWW which is a Mexican equity
There are some politics involved which seems to be the reason EWW is down almost $2 today – a pretty huge move. All I want to do is make money if fears die down, so I sold a fairly wide
with a completely
Looking for 50% of max profit which is around $0.53.

Risk Profile:

(Not to scale)
Figure 1

Strategy: Short 40/45 Strangle

sto 1 jul 19 40 put
sto 1 jul 19 45 call
Fill Price: $1.06 credit

Position Analysis

U/L Price: $42.82
IV: 20.0%
IVR: 27.0
Liquidity: 4/4
Position: Short 40/45 Strangle
POP: 74%
Cost Basis: $1.06
Risk: Undefined
BPR: $640
Max Profit: $1.06
Max Loss: Unlimited
Target P/L: $0.53
Break Even(s): $38.94, $46.06
Extrinsic Value: $106.00
Net Delta: -0.49
Net Theta: 2.302

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2019 Trades
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