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2019 Trades

XRT: 05.29.19 – 06.24.19

ETF | Retail Sector Fund | Status: Closed

Opening Trade

05.29.19
We have another little sell-off today, so I'm selling a
in XRT to take advantage of the elevated option prices reflected by
XRT is a retail sector
in the $40 price range making it nice and small for my portfolio size. Of the products on my ETF watchlist, XRT is getting hit the hardest today. This trade currently has a 65%
I'm hoping it stays around $40 so I capitalize on any volatility contraction and the passage of time. Looking to close for 50% of max profit which is around $0.54.

Risk Profile:

(Not to scale)
Figure 1

Strategy: Short 37/42 Strangle

sto 1 jul 19 37 put
sto 1 jul 19 42 call
Fill Price: $1.08 credit

Position Analysis

U/L Price: $40.32
IV: 25.1%
IVR: 31.4
Liquidity: 4/4
Position: Short 37/42 Strangle
POP: 65%
Cost Basis: $1.08
Risk: Undefined
BPR: $640
Max Profit: $1.08
Max Loss: unlimited
Target P/L: $0.54
Break Even(s): $35.92, $43.08
Extrinsic Value: $108.00
Net Delta: -12.39
Net Theta: 2.175

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2019 Trades
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