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2019 Trades

ewz: 05.13.19 – 05.23.19

ETF | Brazilian Equities | Status: Closed

Opening Trade

05.13.19
Jumping back into Brazil with the
up almost 18% on the open. Huge
expansion across the board. EWZ is a nice low-priced
with decent volatility, and a product I'm familiar with. Ramping up my risk by selling a neutral
for $1.28 credit. If we see a pull back in volatility levels, this trade should benefit. If vol continues to expand, the risk is small enough, and the
low enough that I should have plenty of room to continue scaling my risk appropriately. Looking for 50% of max profit from this, so around $0.64.

Risk Profile:

(Not to scale)
Figure 1

Strategy: Short 36/42 Strangle

sto 1 jun 21 36 put
sto 1 jun 21 42 call
Fill Price: $1.28 credit

Position Analysis

U/L Price: $38.99
IV: 35.5%
IVR: 32.8
Liquidity: 4/4
Position: Short 36/42 Strangle
POP: 66%
Cost Basis: $1.28
Risk: Undefined
BPR: $490
Max Profit: $1.28
Max Loss: Unlimited
Target P/L: $0.64
Break Even(s): $34.72, $43.28
Extrinsic Value: $128.00
Net Delta: 3.30
Net Theta: 3.442

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2019 Trades
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