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2019 Trades

KRE: 08.29.19 – 10.01.19

ETF | Banking Fund | Status: Closed

Opening Trade

08.29.19
Closed my original September KRE position for a
and reopening a new
in October. This allows me to widen my strikes which reduces my risk, reduces my capital requirements, and improves my probability of profit. My new profit target is 50% of max profit potential, which is around $0.53. Achieving this goal will be aided by the passage of time, and
contraction.

Risk Profile:

(Not to scale)
Figure 1

Strategy: Short OCT 45/53 Strangle

sto 1 oct 18 45 put
sto 1 oct 18 53 call
Fill Price: $1.06 credit

Position Analysis

U/L Price: $49.99
IV: 27.4%
IVR: 45.5
Liquidity: 4/4
Position: Short OCT 45/53 Strangle
POP: 68%
Cost Basis: $1.06
Risk: Undefined
BPR: $705
Max Profit: $1.06
Max Loss: Unlimited
Target P/L: $0.53
Break Even(s): $43.94, $54.06
Extrinsic Value: $106.00
Net Delta: -6.58
Net Theta: 2.605

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2019 Trades
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