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2019 Trades

KRE: 03.07.19 – 03.15.19

ETF | Banking Fund | Status: Closed

Opening Trade

03.07.19
Pickings are slim as far as trades go these days. Trying this again by selling a very wide
for $1.00. Looking for $0.50 profit.
is pretty low, so I went far
for more room to accommodate a potential volatility explosion.
also decays faster with respect to time for farther OTM options. Since I have no volatility advantage, I need time to really work for me. While
decay is lower (my preference for low volatility anyways), premium should actually burn faster as deltas comes down.

Risk Profile:

(Not to scale)
Figure 1

Strategy: Short 51/57 Strangle

sto 1 apr 18 51 put
sto 1 apr 18 57 call
Fill Price: $1.00 credit

Position Analysis

U/L Price: $54.27
IV: 22.8%
IVR: 18.6
Liquidity: 4/4
Position: Short 51/57 Strangle
POP: 66%
Cost Basis: $1.00
Risk: Undefined
BPR: $819
Max Profit: $1.00
Max Loss: Unlimited
Target P/L: $0.50
Break Even(s): $50.00, $58.00
Extrinsic Value: $100.00
Net Delta: -2.54
Net Theta: 2.757

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2019 Trades
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