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2019 Trades
ewz: 12.04.18 – 12.24.18
ETF | Brazilian Equities | Status: Closed
Opening Trade
12.04.18
With a huge explosion in the I wanted to boost my levels a tad to capitalize on the elevated risk premium. EWZ doesn't have the highest on the board, but it is a small, liquid product with a decent – perfect for my account size. This is a pure time and volatility strategy. I win if the stock stays between my and volatility settles. Hoping to take this off in the next month or so for around 50% max profit (~$0.90).
Risk Profile:
(Not to scale)
Strategy: Short 37/41 Strangle
sto 1 jan 18 37 put
sto 1 jan 18 41 call
Fill Price: $1.80 credit
Position Analysis
U/L Price: $39.42
IV: 34.0%
IVR: 31.9
Liquidity: 4/4
Position: Short 37/41 Strangle
POP: 59%
Cost Basis: $1.80
Risk: Undefined
BPR: $620
Max Profit: $1.80
Max Loss: Unlimited
Target P/L: $0.90
Break Even(s): $35.20, $42.80
Extrinsic Value: $180.00
Net Delta: -4.81
Net Theta: 3.493