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2019 Trades

KRE: 06.17.19 – 07.10.19

ETF | Banking Fund | Status: Closed

Opening Trade

06.17.19
I am reestablishing a new KRE
in August with
$2 wider than my original position. KRE has been hovering around this price for a pretty long time. My original strangle was perfectly centered, so I suspected any kind of move up or down would result in loss. If KRE continues to stand still, this new position should profit just about as well as the original. If KRE does have a large move, then the wider strikes will be nice to have. This new position also adds $0.30 more of potential profit. My target for this trade is to make about 50% of max-profit, so around $0.58.

Risk Profile:

(Not to scale)
Figure 1

Strategy: Short 48/56 Strangle

sto 1 aug 16 48 put
sto 1 aug 16 56 call
Fill Price: $1.16 credit

Position Analysis

U/L Price: $52.01
IV: 25.1%
IVR: 32.0
Liquidity: 4/4
Position: Short 48/56 Strangle
POP: 67%
Cost Basis: $1.16
Risk: Undefined
BPR: $755
Max Profit: $1.16
Max Loss: Unlimited
Target P/L: $0.58
Break Even(s): $46.84, $57.16
Extrinsic Value: $116.00
Net Delta: 0.93
Net Theta: 2.317

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2019 Trades
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