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2019 Trades
XOP: 08.01.19 – 09.09.19
ETF | Oil and gas | Status: Closed
Opening Trade
08.01.19
Massive expansion in today, FINALLY! The general market started off with another insane rally, except oil was getting a major beatdown. I decided to work an offer at $0.10 above market price, half expecting not to get at all... so I was surprised when just a few minutes later I heard the ding. I looked at my screen and out of nowhere all hell had broken loose in the market! Thank god I put my offer in as high as I did, because my trade was getting slapped immediately. If volatility continues to expand, it will not be so great for this particular position, but it will mean a ton more opportunities elsewhere. Either way I'm excited! Looking to take about 50% of max profit out of this.
Risk Profile:
(Not to scale)
Strategy: Short 23 Put
sto 1 sep 20 23 put
Fill Price: $0.90 credit
Position Analysis
U/L Price: $23.55
IV: 34.6%
IVR: 32.7
Liquidity: 4/4
Position: Short 23 Put
POP: 68%
Cost Basis: $0.90
Risk: Undefined
BPR: $420
Max Profit: $0.90
Max Loss: $2210
Target P/L: $0.45
Break Even(s): $22.10
Extrinsic Value: $90.00
Net Delta: 28.04
Net Theta: 1.031