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2019 Trades

KRE: 10.01.19 – 10.17.19

ETF | Banking Fund | Status: Closed

Opening Trade

10.01.19
Once again, I've managed to
a problematic
in KRE and now have to opportunity to start again fresh. This underlying is such a pain sometimes, but it has decent premium and a low enough price that I keep coming back for more. Maybe this time I can be profitable! I've sold the 48/55 NOV strangle for $1.27. My profit target is 50% of max potential, so around $0.63. KRE has been toying with the $53-54 range lately, so hopefully it will continue to do so. I'll make money if KRE stays between my
and
contracts. The passage of time will also aid in my profitability because my
benefit from

Risk Profile:

(Not to scale)
Figure 1

Strategy: Short NOV 48/55 Strangle

sto 1 nov 15 48 put
sto 1 nov 15 55 call
Fill Price: $1.27 credit

Position Analysis

U/L Price: $52.09
IV: 25.9%
IVR: 27.2
Liquidity: 4/4
Position: Short NOV 48/55 Strangle
POP: 69%
Cost Basis: $1.27
Risk: Undefined
BPR: $760
Max Profit: $1.27
Max Loss: Unlimited
Target P/L: $0.63
Break Even(s): $46.73, $56.27
Extrinsic Value: $127.00
Net Delta: -7.12
Net Theta: 3.100

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2019 Trades
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