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closed Positions

eem: 02.27.20 – 03.30.20

ETF | Emerging Markets | Status: Closed

Adjustment #1

View original trade
03.09.20
Today my
was breached in EEM. This is no surprise because the entire market is having a complete meltdown. My
on the position started to approach 50 and my short
had become almost completely worthless in the selloff. In order to give myself a little more downside protection I decided to
my call which boosts my total credit, lowers my directional risk, and improves my downside

Risk Profile:

Figure 2

Strategy: Roll Down Call

sto 1 apr 17 33.5 put
sto 1 apr 17 40.5 call
Fill Price: $0.57 credit

Position Analysis

U/L Price: $37.90
IV: 43.9%
IVR: 101.1
Liquidity: 4/4
Position: Short APR 17 38.5/40.5 Strangle
POP: 37%
Cost Basis: $1.86
Risk: Undefined
BPR: $760
Max Profit: $1.86
Max Loss: Unlimited
Target P/L: $0.64
Break Even(s): $36.64, $42.36
Extrinsic Value: $230.00
Net Delta: 24.04
Net Theta: 4.051

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