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2019 Trades

xlk: 08.23.19 – 09.13.19

ETF | Technology Fund | Status: Closed

Opening Trade

08.23.19
Reloading XLK to take advantage of today's hefty pop in
Compared to my previous position, I was able to widen my
by $4 as well as collect an extra $0.44 in
This also slightly tempers my
levels and
risk. The market is ugly, so the extra room to the downside and lower gamma risk are huge bonuses in my eyes. Looking for 50% of max profit, which is about $0.64. The passage of time and volatility contraction will benefit this position greatly.

Risk Profile:

(Not to scale)
Figure 1

Strategy: Short 68/83 Strangle

sto 1 oct 18 68 put
sto 1 oct 18 83 call
Fill Price: $1.28 credit

Position Analysis

U/L Price: $77.32
IV: 25.4%
IVR: 32.5
Liquidity: 4/4
Position: Short 68/83 Strangle
POP: 74%
Cost Basis: $1.28
Risk: Undefined
BPR: $980
Max Profit: $1.28
Max Loss: unlimited
Target P/L: $0.64
Break Even(s): $66.72, $84.28
Extrinsic Value: $128.00
Net Delta: -3.88
Net Theta: 3.196

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2019 Trades
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