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2019 Trades

KRE: 06.06.19 – 06.17.19

ETF | Banking Fund | Status: Closed

Opening Trade

06.06.19
Reestablishing my KRE position after a massive rally. With these moves, and the struggle that I've had with this underlying, I wanted to lock in my profits from the original trade and set up a new one with wider
Selling the 49/55
in June which is $2 wider than my original position. It is completely neutral because I have no idea which way this sucker is going to go. Hoping the price settles down a bit so I can profit off of
contraction and the passage of time. Looking to take this off at around 50% of max profit which is about $0.64.

Risk Profile:

(Not to scale)
Figure 1

Strategy: Short 49/55 Strangle

sto 1 jul 19 49 put
sto 1 jul 19 55 call
Fill Price: $1.27 credit

Position Analysis

U/L Price: $52.04
IV: 24.8%
IVR: 34.2
Liquidity: 4/4
Position: Short 49/55 Strangle
POP: 66%
Cost Basis: $1.27
Risk: Undefined
BPR: $740
Max Profit: $1.27
Max Loss: Unlimited
Target P/L: $0.64
Break Even(s): $47.73, $56.27
Extrinsic Value: $127.00
Net Delta: 0.86
Net Theta: 3.072

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2019 Trades
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