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2019 Trades

ewz: 08.22.19 – 09.18.19

ETF | Brazilian Equities | Status: Closed

Opening Trade

08.22.19
It's Trader Appreciation Day at Tastyworks which means commission-free trading! The general market is flat today,
is up slightly, and I could use a boost in
EWZ is a low-priced
with good
and high
I've sold a nice wide 36/45
in Oct for $1.11. For the next 30 days, according to September
there is only a 20-28%
on either side. In the event of a volatility spike, I have some breathing room and the capital requirement is low enough that I can continue to scale up my risk. The position will benefit from the passage of time and volatility contraction. I'm looking for 50% of max profit.

Risk Profile:

(Not to scale)
Figure 1

Strategy: Short 36/45 Strangle

sto 1 oct 18 36 put
sto 1 oct 18 45 call
Fill Price: $1.11 credit

Position Analysis

U/L Price: $41.36
IV: 32.6%
IVR: 24.6
Liquidity: 4/4
Position: Short 36/45 Strangle
POP: 71%
Cost Basis: $1.11
Risk: Undefined
BPR: $440
Max Profit: $1.11
Max Loss: Unlimited
Target P/L: $0.55
Break Even(s): $34.89, $46.11
Extrinsic Value: $111.00
Net Delta: -7.08
Net Theta: 2.433

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2019 Trades
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