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closed Positions

xli: 02.25.20 – 05.15.20

ETF | Industrial Fund | Status: Closed

Adjustment #1

View original trade
02.28.20
The massive selloff has continued for the entire week. Yesterday's dip right at the close did a little damage to this position. This morning it was trading well below my
but still within my
thankfully. My
on this particular position is still looking okay, but given the speed and magnitude of this selloff, I'm being aggressive and
my call to pick up some more
This will serve as slight padding to my position as well as the rest of my portfolio if this selloff continues to get worse. My profit target remains the same, I just need the market to find a good place to relax for a while. If we manage to get any
contraction it would help this position greatly, as would a little bounce back up above $74.

Risk Profile:

Figure 2

Strategy: Roll Down Call

btc 1 apr 17 82 call
sto 1 apr 17 78 call
Fill Price: $0.82 credit

Position Analysis

U/L Price: $72.56
IV: 40.2%
IVR: 103.7
Liquidity: 4/4
Position: Short APR 17 74/78 Strangle
POP: 35%
Cost Basis: $3.39
Risk: Undefined
BPR: $1450
Max Profit: $3.39
Max Loss: unlimited
Target P/L: $1.28
Break Even(s): $70.61, $81.39
Extrinsic Value: $420.00
Net Delta: 28.92
Net Theta: 6.042

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