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2019 Trades
xlb: 05.22.19 – 06.21.19
ETF | Materials/Chemicals Fund | Status: Closed
Opening Trade
05.22.19
Jumping back into XLB with a very similar trade as my last one in this 2 June 51 against 1 52 put to create a I collected $0.16 for the position which means I have no risk to the upside. If XLB continues higher I will make a minimum of $0.16. If XLB drops down to my 51 around I can make up to $1.16. My is all the way down below the the 11 at $49.84 – which means it has a very high probability of profit. This trade is mostly a gamble to try and profit off of any large down moves. If I don't get that move, I'll just take my 16 cents and move on to the next one.
Risk Profile:
(Not to scale)
Strategy: Short Put Ratio
sto 2 jun 21 51 put
bto 1 jun 21 52 put
Fill Price: $0.16 credit
Position Analysis
U/L Price: $54.46
IV: 20.3%
IVR: 34.4
Liquidity: 4/4
Position: Short 2x1 51/52 Put Ratio
POP: 94%
Cost Basis: $0.16
Risk: Undefined
BPR: $760
Max Profit: $1.16
Max Loss: $4,984
Target P/L: $0.58
Break Even(s): $49.84
Extrinsic Value: $16.00
Net Delta: 9.10
Net Theta: 1.173