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2019 Trades

xli: 08.15.19 – 08.26.19

ETF | Industrial Fund | Status: Closed

Opening Trade

08.15.19
This is my first jump into XLI this year. XLI is an industrial sector
with good
and decent
. I sold a fairly wide
with
out around the 20
on either side.
has had a massive expansion the past week or so, and today is about the highest it's gotten so far. Looking to benefit from any contractions in
My profit target is about 50%, although I'd consider taking less depending on the speed of returns.

Risk Profile:

(Not to scale)
Figure 1

Strategy: Short 68/77 Strangle

sto 1 sep 20 68 put
sto 1 sep 20 77 call
Fill Price: $1.20 credit

Position Analysis

U/L Price: $72.92
IV: 25.4%
IVR: 33.4
Liquidity: 4/4
Position: Short 68/77 Strangle
POP: 67%
Cost Basis: $1.20
Risk: Undefined
BPR: $1050
Max Profit: $1.20
Max Loss: unlimited
Target P/L: $0.60
Break Even(s): $66.80, $78.20
Extrinsic Value: $120.00
Net Delta: 1.00
Net Theta: 4.003

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2019 Trades
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