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2019 Trades

fxi: 05.13.19 – 05.21.19

ETF | Chinese Equities | Status: Closed

Opening Trade

05.13.19
Back in China with this huge explosion in
I'm glad I cashed out of my previous trade last Friday because it's allowed me to reload a new position in an even more volatile environment. The higher volatility allows me to sell
for a higher credit. Looking to take about 50% of max profit from this trade, so around $0.63. I expect this trade to make money with the passage of time and IV contraction.

Risk Profile:

(Not to scale)
Figure 1

Strategy: Short 38/42 Strangle

sto 1 jun 21 38 put
sto 1 jun 21 42 call
Fill Price: $1.25 credit

Position Analysis

U/L Price: $40.62
IV: 27.6%
IVR: 75.0
Liquidity: 4/4
Position: Short 38/42 Strangle
POP: 62%
Cost Basis: $1.25
Risk: Undefined
BPR: $675
Max Profit: $1.25
Max Loss: Unlimited
Target P/L: $0.63
Break Even(s): $36.75, $43.25
Extrinsic Value: $125.00
Net Delta: -10.06
Net Theta: 2.917

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2019 Trades
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