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2019 Trades

KRE: 01.31.19 – 03.07.19

ETF | Banking Fund | Status: Closed

Opening Trade

01.31.19
Closed out the original KRE position I had for a loss, and decided to reestablish a new higher probability trade. Selling the March 50/54
for $1.48. This gives me a better chance to make some money back than the original position.

Risk Profile:

(Not to scale)
Figure 1

Strategy: Short 50/54 Strangle

sto 1 mar 15 50 put
sto 1 mar 15 54 call
Fill Price: $1.48 credit

Position Analysis

U/L Price: $52.26
IV: 22.4%
IVR: 22.5
Liquidity: 4/4
Position: Short 50/54 Strangle
POP: 59%
Cost Basis: $1.48
Risk: Undefined
BPR: $736
Max Profit: $1.48
Max Loss: Unlimited
Target P/L: $0.75
Break Even(s): $48.52, $55.48
Extrinsic Value: $148.00
Net Delta: -4.58
Net Theta: 3.126

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2019 Trades
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