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2019 Trades

ewz: 12.24.18 – 02.27.19

ETF | Brazilian Equities | Status: Closed

Opening Trade

12.24.18
I didn't quite make the profit I was hoping for with my last EWZ trade. I am reestablishing a new
for Feb in order to increase my
and my profit target. This trade also neutralizes my
in this underlying which is going to be helpful because my overall portfolio is getting pretty
I'm looking to take about $1.00 in profit from this new trade. All I need is for time to pass and EWZ to remain between $35 and $40 over the next month or so. If
ever comes back down, this trade should benefit nicely from that as well. On a side note, I noticed some
in these options... I don't know what to make of it, but I find it interesting that they were pricing the
higher than the
at the time I entered this trade.

Risk Profile:

(Not to scale)
Figure 1

Strategy: Short 35/40 Strangle

sto 1 feb 15 35 put
sto 1 feb 15 40 call
Fill Price: $2.02 credit

Position Analysis

U/L Price: $37.06
IV: 38.1%
IVR: 43.3
Liquidity: 4/4
Position: Short 35/40 Strangle
POP: 60%
Cost Basis: $2.02
Risk: Undefined
BPR: $540
Max Profit: $2.02
Max Loss: Unlimited
Target P/L: $1.00
Break Even(s): $32.98, $42.02
Extrinsic Value: $202.00
Net Delta: 1.29
Net Theta: 3.353

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2019 Trades
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