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closed Positions

ewz: 02.24.20 – 05.12.20

ETF | Brazilian Equities | Status: Closed

Adjustment #2

View original trade
03.06.20
EWZ has continued to sell off fairly significantly with the rest of the market, and this morning my
got a little too large (above 50). In response, I
my
to improve my
reduce my directional risk, and collect more
It's important to keep directional risk in check in a market like this. I've been taking some pain in my portfolio, but rolling down and collecting more credit for these extreme moves has helped me endure. When things finally do settle down, I'll be counting on the decay of
to help me recover and eventually start turning a profit. On the bright side, EWZ still has profit potential despite the market conditions.

Risk Profile:

Figure 3

Strategy: Roll Down Call

btc 1 apr 17 41 call
sto 1 apr 17 36 call
Fill Price: $1.46 credit

Position Analysis

U/L Price: $35.05
IV: 42.3%
IVR: 99.4
Liquidity: 4/4
Position: Short APR 17 36/38 Inverted Strangle
POP: 34%
Cost Basis: $3.57
Risk: Undefined
BPR: $700
Max Profit: $1.57
Max Loss: Unlimited
Target P/L: $0.83
Break Even(s): $34.43, $39.57
Extrinsic Value: $258.00
Net Delta: 24.24
Net Theta: 4.322

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